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    Small Business Management Study Set 1
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    Exam 10: Understanding a Firms Financial Statements
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    Match the Term with Its Definition
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Match the Term with Its Definition

Question 28

Question 28

Essay

Match the term with its definition.
a.Cost of goods sold
b.Gross profit
c.Long-term notes
d.Net profits
e.Operating profits
f.Profit margins
g.Profits before taxes
h.Total asset turnover
-A measure of how efficiently a business is using its assets to generate sales.

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