Examlex
Sniffing is a simple and effective way of teaching:
Net Sales
The amount of revenue from sales transactions after deductions for returns, allowances, and discounts have been taken into account.
Accounts Receivables
Accounts Receivables are amounts owed to a business by its customers for goods or services delivered on credit, representing assets on the balance sheet.
Asset Turnover Ratio
A financial metric that measures the efficiency of a company's use of its assets to generate sales revenue, calculated as sales divided by total assets.
Rate of Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment's initial cost.
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