Describe the Sales Cycle

question 113

Essay

Describe the sales cycle.

---

Definitions:

Tax Rate

The percentage at which an individual or corporation is taxed by the government.

EBIT

Earnings Before Interest and Taxes, a measure of a firm's profitability that includes all expenses except for interest and income tax expenses.

Sales

The transactions of selling goods or services within a specific period.

Total Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets in generating sales revenue.