Question

what factor should be cosidered when comparing the net income figure of a partnership to that of a corporationof similar size?

Answer 1

Explanation:

Calculating a profit margin is not particularly complex but it is considered to be one of the most important indicators of the viability of a business to continue to exist as a going concern. There are many factors that influence profit margins, but not all of them are quantitative and therefore are not obviously reflected in your calculation's variables.