A Component of Operating Efficiency and Profitability,calculated by Expressing Net

question 115

Multiple Choice

A component of operating efficiency and profitability,calculated by expressing net income as a percent of net sales,is equal to the:

• A)Acid-test ratio.
• B)Merchandise turnover.
• C)Price earnings ratio.
• D)Accounts receivable turnover.
• E)Profit margin ratio.

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Definitions:

Property

An attribute or characteristic of an object, element, or entity, often used in programming to store and manipulate data.

Number Field

A data field designed to contain numerical entries, often used in databases and forms to ensure data consistency and facilitate calculations.

Store Values

A concept in programming where data is saved in a variable or a data storage location.

Money

A medium of exchange in the form of coins and banknotes; used to facilitate transactions for goods and services.