Match the Term with Its Definition

question 7

Multiple Choice

Match the term with its definition.
-A measure of a firm's profitability relative to the amount of its assets, determined by dividing operating profits by total assets

• A)accrual-basis accounting
• B)cash
• C)cash-basis accounting
• D)depreciable assets
• E)depreciation expense
• F)financial statements
• G)inventory
• H)liquidity
• I)operating profit margin
• J)return on assets
• K)return on equity

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Definitions:

Break-Even Point

The point at which total costs and total revenues are equal, resulting in no net loss or gain.