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What is the one- third rule? What is it used for?
Notes Payable
Financial obligations represented by promissory notes, which require the payer to repay the debt within a specified timeframe.
Asset Utilization Ratio
A metric that measures how efficiently a firm uses its assets to generate sales or revenue.
Net Income
The remainder income for a company once it has accounted for all expenditures and tax payments from its earnings.
Sales
Transactions involving the exchange of goods or services for money or equivalent rewards.
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