Match Each Statement to the Item Listed Below

question 187

Multiple Choice

Match each statement to the item listed below.
-net income divided by sales revenue

• A)current assets
• B)current liabilities
• C)gross margin
• D)income from operations
• E)intangible assets
• F)long-term investments
• G)long-term liabilities
• H)net profit margin

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Definitions:

Unconditional Promise

A pledge or assurance given without any prerequisites or contingencies.

Specific Sum

A fixed amount of money that is defined and stipulated within a contract or legal document.

Unenforceable

A term describing a contract or clause that cannot be legally enforced or compelled by court.

Valid Contract

An agreement between parties that meets all legal requirements and is enforceable by law.