Examlex
Why are some Code section numbers intentionally omitted from the Internal Revenue Code?
Investment Turnover
A measure of a company's efficiency in generating sales from its assets, calculated as sales divided by the average invested assets.
Operating Income
A company's profit after subtracting operating expenses, such as wages and cost of goods sold, but before deducting interest and taxes.
Divisional Operating Income
The profit earned by a specific division or segment of a company after deducting all direct and indirect expenses but before interest and taxes.
Top Management
The highest tier of executives and decision-makers in an organization, responsible for overall strategy and policies.
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