What Extension Do Files Created in Earlier Versions of Word

question 5

Multiple Choice

What extension do files created in earlier versions of Word use?

• A) .doc
• B) .docx
• C) .wrd
• D) .xml

---

Definitions:

Net Income

Refers to the profit that remains after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from total revenues.

Average Total Assets

A financial metric calculated by taking the average of a company’s total assets at the beginning and the end of an accounting period to assess overall asset efficiency.

Total Asset Turnover

A financial ratio that measures a company’s efficiency in using its assets to generate revenue.

Net Sales

The revenue generated from goods or services sold by a business, minus returns, allowances for damaged or missing goods, and discounts.