In Computing the Ratio of Net Sales to Assets, Long-Term

question 47

True/False

In computing the ratio of net sales to assets, long-term investments are excluded from average total assets.

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Definitions:

Apple Computers

An American technology company known for designing and manufacturing consumer electronics, computer software, and online services.

System Software

The software designed to provide a platform for other software. Examples include operating systems, computational science software, game engines, industrial automation, and software as a service applications.

Blackboard

A learning management system (LMS) or a physical surface for writing on, depending on the context.