Subtract Then Write the Difference in Lowest Terms $$\begin{array} { r } 56 \frac { 7 } { 8 } \\\\- 37 \frac { 3 } { 8 } \\\hline\end{array}$$

question 41

Essay

Subtract. Then write the difference in lowest terms. $$\begin{array} { r } 56 \frac { 7 } { 8 } \\\\- 37 \frac { 3 } { 8 } \\\hline\end{array}$$

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Definitions:

Gross Margin

Gross margin is a financial metric that measures the difference between revenue and the cost of goods sold (COGS), divided by revenue.

Accounts Receivable Turnover

A ratio that measures how effectively a company collects its receivables, calculated by dividing total net sales by the average accounts receivable.

Inventory Turnover Ratio

A metric indicating how often a company's inventory is sold and replaced over a specific period, useful in evaluating the efficiency of inventory management.

Return on Equity

A measure of a corporation's profitability that reveals how much profit a company generates with the money shareholders have invested.