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Explain Profitability ratios in relation to sales
a) Gross profit ratio
b) Net profit ratio
c) Operating ratio
d) Operating profit ratio
e) Expenses ratio
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IF net income totaled $18,000 for one year, beginning assets were $100.000 and ending assets were $140,000, then Return on Assets for the year as a percentage will be?
Outline Five characteristics of relevant cost
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