True/False
When evaluating the profit margin of a sole proprietorship,the formula should be modified by subtracting owner's equity from profit.This will factor in the value of the owner's efforts in running the business.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q107: Liquidity refers to the availability of resources
Q219: The days' sales uncollected ratio measures a
Q295: The profit margin ratio is gross profit
Q296: Three of the most common tools of
Q298: On January 1,BPA Corporation had 250,000 common
Q299: Information from the current income statement
Q301: The common-size percent is calculated by<br>A)Dividing the
Q302: Discuss the purpose of the accounts receivable
Q303: Accounts payable turnover is a measure of
Q304: The current ratio is used to evaluate