The following information is available for Hughes Co. 
From the information provided, calculate Hughes' profit margin ratio for each of the three years. In 2010 economic conditions and a slowing economy impacted the results of operations. Comment on the results, assuming that the industry average for the profit margin ratio is 7% for each of the three years.
Definitions:
Higher-Order Needs
Esteem and self-actualization needs in Maslow’s hierarchy.
Psychological Development
The ongoing growth and change in cognitive, emotional, and social capabilities and processes throughout a person's life.
Deficit Principle
A theory suggesting that a decrease in stimulation or input will cause humans to seek out more stimulation, to overcome the perceived deficit.
Satisfied Need
A requirement or desire of individuals or organizations that has been fulfilled.
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