Examlex
Which one of the following is NOT a measure that management can use in evaluating and controlling investment center performance?
Total Asset Turnover
A measure of a company's efficiency in using its assets to generate sales or revenue.
Gross Profit Percentage
A financial ratio that expresses a company's gross profit as a percentage of net sales, indicating the efficiency of production and sales activities.
Operating Expenses
Expenses incurred through normal business operations, such as salaries, rent, and utilities, excluding cost of goods sold.
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