Examlex
To specify different odd and even pages for footers,modify the footers individually.
Gross Profit Ratio
A profitability ratio calculated as gross profit divided by net sales, indicating the percentage of sales revenue that exceeds the cost of goods sold.
Average Cost
A method for inventory valuation that calculates the cost of goods sold and ending inventory based on the average cost of all items purchased.
Retail Inventory Method
An accounting process used by retailers to estimate inventory value by converting the retail value of inventory to a cost basis, based on the relationship between cost and retail price.
Ending Inventory
The value of goods available for sale at the end of an accounting period.
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