A Component of Operating Efficiency and Profitability, Calculated by Expressing

question 147

Multiple Choice

A component of operating efficiency and profitability, calculated by expressing net income as a percent of net sales, is the:

• A) Acid-test ratio.
• B) Merchandise turnover.
• C) Price earnings ratio.
• D) Accounts receivable turnover.
• E) Profit margin ratio.

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Definitions:

Risk Factor

A risk factor is any attribute, characteristic, or exposure that increases the likelihood of developing a disease or injury.

Positive Psychology

A branch of psychology focused on the study and promotion of positive aspects of human life, such as happiness, well-being, and personal strengths.

Human Strengths

The inherent potentials and positive qualities, such as resilience, courage, and empathy, that can be developed to enhance personal and collective well-being.

Virtues

Moral excellences or admirable qualities that guide behavior and actions, often seen as the foundation for ethical conduct.