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Which of the following will be a valid defense in a strict products liability case?
Gross Profit
The difference between revenues and the cost of goods sold before deducting overheads, taxes, interest, and depreciation.
Rate of Return on Total Assets
A financial ratio that shows how effectively a company uses its assets to generate profit, calculated as net income divided by total assets.
Total Assets
The sum of all resources owned by a company, measurable in monetary terms, and listed on the balance sheet.
Net Income
The amount of earnings remaining after all expenses, including taxes and interest, have been deducted from total revenue; also known as net profit.
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