Examlex
Which of the following statements is INCORRECT?
Times Interest Earned
A financial ratio that measures a company's ability to meet its interest payments on outstanding debt with its operating income.
Efficiency
The ability to accomplish a job with a minimum expenditure of time and resources.
Revenue Generated
Income received from business activities like sales, services, and other operations.
Working Capital
The difference between a company's current assets and current liabilities, indicating its short-term liquidity.
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