The Gross Profit Ratio Is Useful to the Manager for Each

question 17

Multiple Choice

The gross profit ratio is useful to the manager for each of the following purposes except that:

• A)it can be used to determine the selling price to set for an item.
• B)it can be used to estimate the amount of inventory lost in a fire.
• C)it can be used to determine the amount available from a given amount of revenue to cover operating expenses.
• D)it can be used to estimate the amount of operating expenses for a period.

---

Definitions:

Higher Education

refers to the stage of learning that occurs at universities, colleges, and other institutions offering degrees and certifications beyond secondary education.

Elementary School

A primary educational institution where children receive the first stages of compulsory education, typically including grades K-5 or K-6.

Las Vegas

A major city in the state of Nevada, known for its vibrant nightlife, casinos, and entertainment industry.