Examlex
Which of the following statements is false?
Base Year
A specific year against which economic or financial indices are measured to track changes and trends over time.
Profit Margin Ratio
A financial ratio that measures the percentage of revenue that exceeds the cost of goods sold, indicating how much profit a company makes for each dollar of sales.
Asset Turnover Ratio
The Asset Turnover Ratio is a financial metric that measures the efficiency of a company in generating sales revenue from its assets.
Return on Assets
This measures how effectively a company uses its assets to generate profit, calculated by dividing net income by total assets.
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