The Ratio That Indicates an Entity's Overall Mark-Up on Goods

question 53

Multiple Choice

The ratio that indicates an entity's overall mark-up on goods sold is the:

• A) gross profit ratio.
• B) profit margin ratio.
• C) inventory turnover ratio.
• D) return on inventory ratio.

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Definitions:

Extreme Pressure

Refers to very high pressures used in industrial processes or occurring naturally deep within the Earth.

Earth's Core

The innermost part of Earth, composed primarily of iron and nickel, divided into the solid inner core and the liquid outer core.

Tectonic Plates

Large pieces of the Earth's crust that move, float, and sometimes fracture and whose interaction causes continental drift, earthquakes, volcanoes, mountains, and oceanic trenches.

Ejecta

Material that is expelled or thrown out, especially as a result of volcanic eruption, meteorite impact, or other explosive events.