Examlex
If the partners agree on a formula to share income and say nothing about losses, then the losses are shared using the same formula.
Rate of Return on Investment
A measure of the profitability and efficiency of an investment, calculated by dividing the investment's gain by its cost.
Owners' Equity
refers to the owner's interest in the assets of a business after all liabilities have been deducted.
Net Income
The profit remaining after all expenses, taxes, and costs have been subtracted from total revenue.
Working Capital Ratio
A financial metric used to determine a company's ability to pay off its current liabilities with its current assets.
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