The ratio of earnings to sales for a given time period is the:
A)cost of goods sold.
B)merchandise inventory.
C)profit margin.
D)return on assets.

Name: The ratio of earnings to sales for a given time period is the: A)cost of goods sold. B)merchandise inventory. C)profit margin. D)return on assets.
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Question

Quizplus · Accepted Answer

The ratio of earnings to sales is commonly referred to as the profit margin. It indicates how much profit a company made for every dollar of sales.

The Ratio of Earnings to Sales for a Given Time