The Gross Margin Ratio, Return on Total Assets, and Basic

question 36

Short Answer

The gross margin ratio, return on total assets, and basic earnings per share are all ________ ratios.

---

Definitions:

Inflation

The rate at which the general level of prices for goods and services is rising, subsequently eroding purchasing power.

Unemployment

The condition in which people actively seeking work are unable to find employment.

Long Run

The long run is a period in economics in which all factors of production and costs are variable, allowing for full adjustment to change.

Unemployment

Unemployment refers to the situation when individuals who are able and willing to work are not able to find employment.