Manhattan Verbal foundation question

[sana.noor]

""The company's profits were outstanding, and it went bankrupt because of outrageously poor management,"

this question is from Manhattan foundation book and i know that its incorrect because of the use of and. But my question is about the use of IT. the firts half of the sentence says that its the company's profit not the company, so what IT is refering to?

[tim]

i've already answered this. do not post the same question in multiple places..