Total Operating Expenses / Net Sales = ____________

question 6

Multiple Choice

Total Operating Expenses / Net Sales = ____________

• A) Current ratio
• B) Operating-expense ratio
• C) Acid-test ratio
• D) Debt / Asset ratio

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Definitions:

Journal

A detailed record where all financial transactions of a business are initially recorded.

Chronological Record

A record of events or transactions organized in the order they occurred over time.

Transactions

The exchange or transfer of goods, services, or funds between two or more parties.

Chart Of Accounts

A list of accounts and the account numbers that identify their location in the ledger.