Deteriorate in terms of profitability


In 2005, the profit margin was 9.8% and the operating efficiency ratio was 23.9%. In 2006, the profit margin was 9.2% and the operating efficiency ratio was 27%. Based on these ratios, did the performance of management in 2006 improve or deteriorate in terms of profitability?

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Accounting Basics: Deteriorate in terms of profitability
Reference No:- TGS0703884

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