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Lilly's 12-year-old son used to get out of bed easily and early on school days, but lately he has been hard to wake. While reading a parenting book, Lilly came across the theory of "delayed phase of preference," in which sleep patterns shift when young people start to go through puberty. In this example, a theory helped Lilly _____.
Profit Margin
A financial ratio that shows the percentage of sales revenue that remains as profit after all costs and expenses are deducted.
Net Income
The amount of money remaining after all operating expenses, taxes, and costs have been subtracted from total revenues.
Sales
Sales refer to the revenue earned from selling goods or services over a period of time.
Inventory Turnover
A ratio showing how many times a company's inventory is sold and replaced over a specific period.
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