If you were engaged to determine lost profits for a business

Question # 00319113 Posted By: solutionshere Updated on: 06/20/2016 04:13 AM Due on: 06/20/2016
Subject Accounting Topic Accounting Tutorials:
Question
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If you were engaged to determine lost profits for a business with higher than average profitability compared to the industry, how would you go about demonstrating the reasonableness of the profitability? Discuss hypotheses of why a particular business may have higher than average profitability and also discuss what types of analysis and information gathering you would do to support your assessment of the profitability rate.
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