Match Each of the Following Terms with the Appropriate Formulas $\frac{\text {Net sales - Cost of goods sold }}{\text {Net sales }}$

question 63

Multiple Choice

Match each of the following terms with the appropriate formulas.
- $\frac{\text {Net sales - Cost of goods sold }}{\text {Net sales }}$

• A)Days' sales in inventory
• B)Dividend yield
• C)Total asset turnover
• D)Inventory turnover
• E)Return on common stockholders' equity
• F)Gross margin ratio
• G)Days' sales uncollected
• H)Profit margin ratio
• I)Times interest earned
• J)Debt ratio

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Definitions:

Self-discrepancy Theory

Higgins’s theory about the consequences of making actual – ideal and actual – ‘ought’ self-comparisons that reveal self-discrepancies.

Festinger

Leon Festinger was a psychologist known for the theory of cognitive dissonance, which describes the discomfort felt when holding conflicting thoughts or beliefs.

Self-regulation

The process by which individuals control their own thoughts, emotions, and behaviors to pursue long-term goals.

Self-discrepancy

A psychological theory detailing the discrepancy between an individual's actual self, ideal self, and ought self.