"Top Line" Decline Means That Cost of Goods Sold Is

question 75

True/False

"Top line" decline means that cost of goods sold is declining.

---

Definitions:

Operating Expenses

Costs incurred in the day-to-day operations of a business, excluding the cost of goods sold, such as rent, utilities, and salaries.

Return on Total Assets

Return on Total Assets (ROTA) is a financial ratio that measures a company's net income relative to its total assets, indicating how efficiently the company is using its assets to generate profit.

Company Information

Pertains to data and facts about a company, including its operations, financial condition, industry sector, and management strategies.