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:

Automatic Routines

Repetitive actions or behaviors that are performed with little to no conscious thought, often becoming habitual.

Monozygotic Twins

are twins that originate from the splitting of a single fertilized egg, making them genetically identical.

Dizygotic Twins

Also known as fraternal twins, are siblings born at the same time but from separate eggs fertilized by different sperm.

Siblings

Brothers or sisters; individuals having one or both parents in common.