Examlex
Under a defined benefit plan,the annual benefit payable to an employee is limited to the smaller of $210,000 (in 2016)or 100% of the employee's average compensation for the highest 3 years of employment.
Key Components
Essential parts or elements that make up a larger system or process.
Acid-Test Ratio
A liquidity ratio that measures a company's ability to pay off its current liabilities with quick assets.
Company's Liquidity
The ability of a company to meet its short-term financial obligations by quickly converting assets into cash without significant loss.
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.
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