Match the term with its definition.
a.Accrual-basis accounting
b.Cash-basis accounting
c.Current ratio
d.Financial statements
e.Liquidity
f.Operating profit margin
g.Return on assets
h.Return on equity
-A measure of a business's profitability relative to the amount of its assets, determined by dividing operating profits by total assets.
Correct Answer:
Verified
Q84: Match the term with its definition.
a.Accrual-basis accounting
b.Cash-basis
Q84: Briefly explain the difference between accrual-basis accounting
Q85: Match the term with its definition.
a.Accrual-basis accounting
b.Cash-basis
Q85: Match the term with its definition.
-An accounting
Q86: Erica, the owner of Sweets To Eat
Q87: Compare and contrast the statement of profit
Q87: Describe sources of current debt.
Q88: To increase her return on equity, Laetitia
Q94: Erica, the owner of Sweets To Eat
Q98: Match the term with its definition.
a.Accrual-basis accounting
b.Cash-basis
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