Complete the Following Ratios

question 73

Short Answer

Complete the following ratios:
Current assets = $13,000 Inventory = $4,400 Current liabilities = $10,000 Net income = $7,700 Net sales = $24,400
A. Profit margin on sales (round to nearest tenth percent)
B. Acid test (Round to nearest tenth percent.)

Knowledge of various tools and their effectiveness in content creation.

Comprehend the concepts of brand voice and personal brand in establishing a unique social media presence.

Recognize the essential skills needed for creating a strong online brand voice.

Differentiate between generalist and specialist roles in social media.

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Definitions:

Profit-Maximizing Quantity

The point of production where a firm reaches its maximum profit potential.

Panel

A group of individuals or experts gathered to discuss, analyze, or make decisions on specific subjects.

Intersection

The point at which two lines or paths cross each other.

Economic Loss

The difference between the cost of inputs and the revenues received from outputs, indicating a negative outcome in financial performance.