Industry averages for expense ratios comparing expenses to ______ exist for every size and type of business.
A) profits
B) assets
C) liabilities
D) sales

Question

Quizplus · Accepted Answer

Industry averages for expense ratios typically compare expenses to sales, providing a measure of how efficiently a company is operating by showing the proportion of sales revenue that is consumed by expenses.

Industry Averages for Expense Ratios Comparing Expenses to ______ Exist