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If a company uses the periodic inventory method,which of the following is subtracted from Purchases to arrive at Net purchases?
Manage
The act of organizing, controlling, and overseeing resources or tasks to achieve specific goals.
Earnings Over Time
The progression and growth of a company's earnings or an individual's income across different periods.
Interest Rate
The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.
ROA
Return on Assets, a financial ratio that shows the percentage of profit a company earns in relation to its overall resources.
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