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In order to teach students to be better problem solvers, we should do all of the following EXCEPT
External Reporting
The process of providing financial statements and other pertinent information to outside entities, such as investors, creditors, and regulatory agencies.
Profit Margin
A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, showing how much profit a company makes on sales.
Net Income
The sum a company holds as profit once it has subtracted expenses and taxes from its aggregate revenue.
Net Sales
The amount of sales revenue left after deducting sales returns, allowances, and discounts.
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