he gross profit ratio measures: Multiple Choice The amount by which the sale of inventory exceeds its cost per dollar of sales. The ratio of net income to net sales. How many times during the year a company sells its average inventory balance. How quickly the company receives inventory from its suppliers.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “he gross profit ratio measures: Multiple Choice The amount by which the sale of inventory exceeds its cost per dollar of sales. The ratio ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A company's trial balance included the following account balances: Accounts Payable $ 19,207 Accounts Receivable 81,336 Cash 73,324 Income Tax Payable 3,512 Inventory 25,816 Note Payable, due in two years 1,709 Equipment 54,128 Stockholders' Equity
Answers (1)
Which of the following policies do supply-side economists believe is the best for increasing the standard of living?
Answers (1)
If the employer is tardy in paying the state contributions, the credit against the federal tax is limited to what percent of the late payments that would have been allowed as a credit if the contributions had been paid on time? a. 0% b. 90% c. 20% d.
Answers (1)
On july 1, tau, inc., purchased a machine for $12,000 and issued in payment a one-year note payable for $13,200. on august 31, the company's fiscal year-end, the proper entry would be:
Answers (1)
Which of the following is part of the disaster recovery plan? Select one: a. Assess the extent of damage b. Assign individuals to test the disaster recovery plan c. Recover data from backups d. All of the above
Answers (1)
New Questions in Business
At the beginning of the period, the Assembly Department budgeted direct labor of $110,000, direct materials of $170,000, and fixed factory overhead of $28,000 for 8,000 hours of production.
Answers (1)
Sunny Day Manufacturing Company has a current stock price of $33.35 per share, and is expected to pay a per-share dividend of $2.03 at the end of the year.
Answers (1)
Which is a basic economic question that must be answered by all economic systems? a How will goods and services be produced? b How will government collect income taxes? c What will be the amount of the minimum wage for workers?
Answers (1)
El Tapatio purchased restaurant furniture on September 1, 2021, for $43,000. Residual value at the end of an estimated 10-year service life is expected to be $5,800.
Answers (1)
As you consider the factors of production, which of the following did management theorist Peter Drucker believe to be one of the most important contributing factors to increasing our nation's wealth? a. Landb. Laborc. Knowledged. Capital
Answers (1)