-Based on the figure above, in which quarter or quarters did a recession occur?
Definitions:
Net Profit Margin Ratio
A financial performance metric that calculates the percentage of net income to revenue, indicating how much profit a company generates from its revenues.
Accruing Interest
The process of recognizing interest expense or income that has been incurred but not yet paid or received, over a period of time.
Depreciation Expense
An accounting method that allocates the cost of tangible assets over their useful lives, reflecting the reduction of value over time.
Previously Accrued Wages
These are wages that have been earned by employees but have not yet been paid out by the company.
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