A Component of Operating Efficiency and Profitability, Calculated by Expressing

question 147

Multiple Choice

A component of operating efficiency and profitability, calculated by expressing net income as a percent of net sales, is the:

• A) Acid-test ratio.
• B) Merchandise turnover.
• C) Price earnings ratio.
• D) Accounts receivable turnover.
• E) Profit margin ratio.

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Definitions:

Primary Concern

Primary concern refers to the foremost issue or element that demands attention or resolution above all others in a given context.

Fulfillment Needs

Psychological or emotional requirements that individuals seek to satisfy through personal achievement, relationships, or work.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, illustrating a five-tier model of human needs, from basic (physiological) to higher (self-actualization).

Personal Growth

involves the pursuit of learning, development, and improvement of one's skills, knowledge, and overall character.