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:

Legal Protection

Safeguards provided by the law to individuals, groups, or entities against infringement of their rights or interests.

Unions

Organizations that represent workers' interests, aiming to improve their working conditions, wages, and rights through collective bargaining.

Injunctions

Court orders that require an individual or entity to do or cease doing a specific action.

Unionization Efforts

The processes and activities undertaken by workers and labor unions to encourage and facilitate the formation of unions at workplaces.