A Business's Operating Ratios Are Computed by ________

question 41

Multiple Choice

A business's operating ratios are computed by ________.

• A) Expense/sales
• B) Cost of goods sold/sales
• C) Income/sales
• D) Expense/cost of goods sold
• E) None of the above

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Definitions:

Mean

The arithmetic average of a set of values or observations, calculated by summing all numbers and then dividing by the count of the numbers.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how spread out the numbers are.

Normally Distributed

A statistical description of a data set that forms a bell-shaped curve when graphed, indicating that most values are close to the average.

Average Starting Salary

The mean initial compensation that individuals receive when they start a new job, typically used as a benchmark in job offer negotiations.