Of the Following Usage Percentages,which Will Give You the Best

question 96

Multiple Choice

Of the following usage percentages,which will give you the best credit score?

• A)<7% of your credit limit
• B)<10% of your credit limit
• C)<15% of your credit limit
• D)<30% of your credit limit

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Definitions:

Gross Margin Ratio

A financial metric that measures a company's financial health by dividing its gross profit by net sales, indicating the percentage of sales revenue remaining after deducting the cost of goods sold.

Profitability

The ability of a business to generate earnings compared to its expenses and other costs incurred during a specific period.

Operating Cycle

The duration of time it takes for a company to buy inventory, sell it as finished goods, and collect cash from the sales.