The Following Information Is Available for Hughes Co

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The following information is available for Hughes Co. The following information is available for Hughes Co.   From the information provided, calculate Hughes' profit margin ratio for each of the three years. In 2010 economic conditions and a slowing economy impacted the results of operations. Comment on the results, assuming that the industry average for the profit margin ratio is 7% for each of the three years. From the information provided, calculate Hughes' profit margin ratio for each of the three years. In 2010 economic conditions and a slowing economy impacted the results of operations. Comment on the results, assuming that the industry average for the profit margin ratio is 7% for each of the three years.

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