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Which useful comparison in evaluating the drop in lottony

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Reference no: EM132777111

Problem 1: 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's profit margin?

a. Comparison with its profit margins for the past five years

b. Comparison with the profit margins for its major competitors for the current year

c. Comparison with its current ratio for the current year

d. Comparison with the industry average for the current year

Problem 2: The term "chronological order" is best associated with

a. capital stock.

b. credit entries.

c. a trial balance.

d. a journal.

Reference no: EM132777111

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