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Alligator Enterprises Has Earned Above-Average Returns Since Its Founding Five

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True/False

Alligator Enterprises has earned above-average returns since its founding five years ago. Since no other firm has challenged Alligator in its particular market niche,the firm's owners can feel secure that Alligator has established a competitive advantage.


Definitions:

Net Income

The total profit or loss of a company after all income and expenses, including taxes, have been accounted for.

Common Size Balance Sheet

A balance sheet that displays all line items as a percentage of a common base figure, enabling comparison across different periods or companies.

Accounts Receivable

Money owed to a company by its customers for goods or services sold on credit.

Total Assets

The combined value of all owned resources that have economic value and can be converted into cash. This includes both current and non-current assets.

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