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Which of the following is an example of an entitlement program?
Current Ratio
A liquidity measure that assesses a company's ability to pay its short-term obligations with its short-term assets.
Account Payable
An obligation or liability of a company to pay a short-term debt to its creditors or suppliers.
Gross Margin Percentage
The proportion of sales revenue remaining after deducting cost of goods sold, expressed as a percentage of sales revenue.
Net Operating Income
Income before interest and income taxes have been deducted.
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