Ramos Company
Ramos Company Included the Following Information in Its

question 47

Multiple Choice

Ramos Company
Ramos Company included the following information in its annual report:
$\begin{array}{|l|r|r|r}\hline & \mathbf{2 0 1 1} & \mathbf{2 0 1 0} & {\mathbf{2 0 0 9}} \\\hline \text { Sales } & \$ 178,400 & \$ 162,500 & \$ 155,500 \\\hline \text { Cost of goods sold } & 115,000 & 102,500 & 100,000 \\\hline \text { Operating expenses } & 50,000 & 50,000 & 45,000 \\\hline \text { Net income } & 13,400 & 10,000 & 10,500 \\\hline\end{array}$

- Refer to the information for Ramos Company.In a common size income statement for 2011,the operating expenses are expressed as: 

• A) 30.3%
• B) 28.0%
• C) 43.8%
• D) 100%

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Definitions:

Turnover

The rate at which employees leave a company and are replaced by new hires, often used as an indicator of workplace satisfaction and stability.

Job Analysis

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Job Specifications

A detailed description of the qualifications, skills, experience, and responsibilities required for a specific job position.

Quality Workforce

A team of employees recognized for their skills, competencies, and dedication to delivering high-quality work.