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What does the inventory turnover ratio measure and what is its significance?
Total Tax
The combined amount of all taxes owed by an individual or corporation in a given year, including federal, state, and local taxes.
Retained Earnings
Retained earnings are the portion of a company's profits that is kept or retained within the business for reinvestment or to pay debt, rather than being distributed to shareholders as dividends.
Liability
A company's legal financial debts or obligations that arise during the course of business operations.
Dividends
Regular payments made by a corporation to its shareholders out of its profits or reserves.
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