A business's operating ratios are computed by ________.
A) Expense/sales
B) Cost of goods sold/sales
C) Income/sales
D) Expense/cost of goods sold
E) None of the above
Correct Answer:
Verified
Q13: When an entrepreneur makes a scheduled payment
Q14: The last line of an income statement
Q15: The return on sales ratio is _.
A)
Q16: Ideally, you want to have a positive
Q17: Entrepreneurs use a(n) _ to track assets
Q19: An older term used for the income
Q20: Liabilities that will be paid over a
Q21: Owner's equity is the difference between assets
Q22: Long-term liabilities are debts that are scheduled
Q23: ROI is always calculated for _.
A) A
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