All of the Following Ratios Below Are Generally Used to Assess

question 59

Multiple Choice

All of the following ratios below are generally used to assess a firm's profitability except:

• A)asset turnover
• B)return on assets
• C)gross margin percentage
• D)times interest earned ratio

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Definitions:

Juneteenth

An annual holiday commemorating the June 19, 1865, announcement of the abolition of slavery in Texas, and more broadly the emancipation of enslaved African Americans throughout the Confederate South.

Ku Klux Klan

A white supremacist hate group in the United States known for its racist, anti-immigrant, anti-Catholic, and anti-Semitic beliefs and acts of violence.

Department of Justice

A federal executive department of the U.S. government responsible for the enforcement of the law and administration of justice.

Cruikshank V. U.S.

Cruikshank v. U.S. (1876) was a landmark U.S. Supreme Court decision that limited the federal government's ability to intervene in cases of racial violence, weakening the enforcement of civil rights for African Americans.