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The world's biggest manufacturer of locks is part of a national program in which employers are encouraging workers to continue working as long as they are physically able. To help its aging workers, the lock maker has provided them with magnifying lenses that give them the vision acuity they need to work on the small parts within a lock. These lenses are an example of ____________.
Merchandise
Goods that have been purchased for resale, typically in a retail environment.
Sales to Total Assets Ratio
A financial metric that measures how efficiently a company is using its assets to generate sales.
Total Assets
The total value of everything a company owns, both current and non-current, as recorded on the balance sheet.
Single-step Statement
A simple form of income statement that calculates net income by subtracting total expenses from total income in one step.
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