Thomson Reuters Corporation reported the following selected information (in U.S. $ millions): _______________________________________2015......................2014.................2013 Revenues................................................$12,209.................$12,607............$12,702 Net income.................................................1,311.....................1,959...................185 Total

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Thomson Reuters Corporation reported the following selected information (in U.S. $ millions):

_______________________________________2015......................2014.................2013

Revenues................................................$12,209.................$12,607............$12,702

Net income.................................................1,311.....................1,959...................185

Total comprehensive income (loss)............(496)...................(1,866)..................202

Total comprehensive income.........................815..........................93..................387

(a) Calculate the profit margin with and without the other comprehensive income (loss) for each year.

(b) Which of the two profit margin ratios that you calculated in part (a) should you rely upon for your financial analysis? Explain.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119368458

7th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

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