Examlex
Why do scientists use the scientific method?
Gross Margin Ratio
A financial metric that indicates the percentage of sales revenue remaining after deducting the cost of goods sold (COGS), used to assess a company's financial health.
Financial Statements
Reports that detail the financial performance of a company, typically including the balance sheet, income statement, and cash flow statement.
LIFO
A method to value inventory that assumes the latest items added to inventory are the first ones used or sold.
Perpetual Inventory
An accounting method where inventory quantities and costs are updated in real-time with each sale or purchase.
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