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All nine transactions for Ross Realty for June, the first month of operation, are recorded in the following T accounts: Prepare a trial balance, listing the accounts and their balance in proper order.
Debt-Equity Ratio
A financial ratio that represents the comparative deployment of shareholders' equity and debt in asset financing.
Total Asset Turnover
A financial metric indicating how efficiently a company uses its assets to generate sales revenue.
Profit Margin
A financial ratio that shows the percentage of revenue that surpasses the cost of goods sold, indicating the financial health and profitability of a business.
Net Working Capital
A measure of a company's short-term liquidity, calculated as current assets minus current liabilities.
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