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Net Income Ratio
A financial metric that calculates how much net income is generated as a percentage of revenues, showcasing profit efficiency.
Revenue Account
An account that tracks the income earned by a business, from sales or other sources, during an accounting period.
Expense Account
An account used to record the consumption of assets, including costs incurred in the operation of a business, contributing to a reduction in equity.
Merchandise Inventory
Goods a company intends to sell to customers, typically in a retail or wholesale setting.
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