A Component of Operating Efficiency and Profitability, Calculated by Expressing

question 26

Multiple Choice

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

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

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Definitions:

Contact Clients

The act of communicating with clients by a business or professional to discuss matters related to services or products provided.

Draft Legal

The process of preparing preliminary versions of legal documents or agreements for review and revision.

Secretarial Functions

Administrative duties performed by a secretary, including managing correspondence, maintaining records, and scheduling appointments.

High-Level Tasks

Complex and strategic tasks that require a higher degree of planning, thought, and problem-solving abilities.