To Qualify for Federal Matching Funds for the Medically Needy

question 99

Multiple Choice

To qualify for federal matching funds for the medically needy, states must include coverage for:

• A) pregnant women.
• B) the elderly.
• C) the blind.
• D) the disabled.

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Definitions:

Total Asset Turnover Ratio

A financial ratio that measures a company's ability to generate sales from its assets by comparing net sales to average total assets.

Net Profit Margin Ratio

A financial metric that shows the percentage of a company's revenue that remains as profit after all operating expenses, interest, taxes, and preferred stock dividends have been deducted.

Property, Plant, and Equipment

Tangible assets that are held for use in the production or supply of goods or services, rental to others, or administrative purposes and are expected to be used during more than one period.

Classified Balance Sheet

A balance sheet that organizes a company’s assets, liabilities, and equity into subcategories for clearer understanding.