Re : Michael: I utilized the archives 'string search' and it seems to work OK -- see Alejandro Valle's  dated 2/28/2000 on "Profit rate and profit share" for the two references reproduced below [from 6356]. In solidarity, Jerry >"The profit resulting from any business > considered abstractly, is no real measure of the merits of that particular > business. An operation making $100,000.00 per year may be a very profitable > business justifying expansion and the use of all the additional capital > that it can profitably employ. On the other hand, a business making > $10,000,000 a year may he a very unprofitable one, not only not justifying > further expansion but even justifying liquidation unless more profitable > returns can be obtained. It is not, therefore, a matter of the amount of > profit but of the relation of that profit to the real worth of invested > capital within the business. Unless that principle is fully recognized in > any plan that may be adopted, illogical and unsound results and statistics > are unavoidable." 160: [not verified] Extract of the report presented to > the Executive Committee on December 6, 1919. "There are other measures for > the running of a business; for example, profit on sales, and penetration of > the market, but they do not supersede return on investment."
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