When a Document Is Included with a Letter, an Enclosure

question 12

Multiple Choice

When a document is included with a letter, an enclosure notation is keyed _________.

• A) one enter below the closing
• B) one enter below the reference initials
• C) two enters below the closing
• D) three enters below the closing

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Definitions:

Profitability Ratios

Ratios that measure the amount of operating income or net income an organization is able to generate relative to its assets, owners’ equity, and sales.

Return On Equity

Net income divided by owners’ equity; also called return on investment (ROI).