Commentary
Years ago, I recall reading about a survey in which Americans believed businesses made on average profits of 36 percent, an estimate supported by years of similar polls by Opinion Research when estimates ranged from 28 to 37 percent.
A recent review of more than 7,000 companies revealed that the average profit margin for all companies was 7.9 percent, and just one industry had a profit margin as high as 36 percent – tobacco at 43.3 percent.… read more