Which of the Following Is an Important Asset-Based Balance Sheet

question 39

Multiple Choice

Which of the following is an important asset-based balance sheet composition ratio?

• A)Notes payable/Total liabilities and net worth
• B)Gross profit/Sales
• C)Net operating profit/Total assets
• D)Inventories/Total assets
• E)Net income after taxes/Total assets

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Definitions:

Sovereign Kingdoms

Independent and self-governing kingdoms recognized as having complete authority and control over their territory without external interference.

Composite States

Political entities formed by the union or amalgamation of several states, regions, or territories, maintaining a degree of autonomy under a central government.

Law Courts

Institutions where legal cases are heard and adjudicated, based on the principles of law and justice.