Which of the Following Is the Correct Formula for Calculating

question 152

Multiple Choice

Which of the following is the correct formula for calculating gross profit percentage?

• A) Net profit / Net sales revenue
• B) Gross profit / Net sales revenue
• C) Net sales revenue / Net profit
• D) Net sales revenue / Gross profit

Compare human social behaviors and needs with those of nonhuman animals.

Understand the concepts of social acceptance, rejection, and their consequences on individual well-being.

Comprehend the motivational drives behind people's efforts to form and maintain relationships.

Recognize the significance of close versus casual relationships and their impact on personal satisfaction.

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Definitions:

Account Payable

An account payable is a liability representing an amount owed by an entity to a supplier or creditor for goods or services received but not yet paid for.

Return on Assets Ratio

The Return on Assets Ratio measures a company's ability to generate earnings from its assets, calculated by dividing net income by the average total assets.

Interest Expense

The cost incurred by an entity for borrowed funds, reflecting the interest payments due on any type of debt.

Return on Assets Ratio

A financial metric used to evaluate a company's profitability relative to its total assets.