Examlex
Which of the following statements is incorrect?
Gross Profit
The difference between revenue and the cost of goods sold, indicating the efficiency of core operations before overhead costs.
Gross Profit Percentage
A financial metric that shows the portion of revenue that exceeds the cost of goods sold, expressed as a percentage.
Net Profit Margin Ratio
An indicator of profitability, calculated as net income divided by revenue.
Total Asset Turnover
A financial gauge assessing how well a company employs its assets to create sales turnover.
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