Multiple Choice
Lottony, Inc.is concerned about its profitability for the current year, since its profit margin has dropped 10% since last year.Which of the following is the least useful comparison in evaluating the drop in Lottony' profit margin?
A) Comparison with the industry average for the current year
B) Comparison with its current ratio for the current year
C) Comparison with the profit margins for its major competitors for the current year
D) Comparison with its profit margins for the past five years
Correct Answer:
Verified
Correct Answer:
Verified
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