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  3. Study Set
    Fundamental Accounting Principles
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    Exam 9: Analyzing Financial Statements
  5. Question
    When Evaluating the Profit Margin of a Sole Proprietorship,the Formula
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When Evaluating the Profit Margin of a Sole Proprietorship,the Formula

Question 300

Question 300

True/False

When evaluating the profit margin of a sole proprietorship,the formula should be modified by subtracting owner's equity from profit.This will factor in the value of the owner's efforts in running the business.

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