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Which of the following equations is INCORRECT?
Profit Margin
A financial ratio that shows the percentage of revenue that exceeds the cost of goods sold, indicating the profitability of a company.
Assets
Resources owned or controlled by a business, individual, or entity, considered valuable because they can produce positive economic value or provide future benefits.
Current Ratio
A financial ratio indicating a firm's capacity to settle its short-term liabilities with assets that can be easily converted into cash within a year.
Total Current Assets
The total value of all assets that a company expects to convert into cash within one year, including cash, inventory, and accounts receivable.
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