Multiple Choice
A component of operating efficiency and profitability, calculated by expressing net income as a percent of net sales, is the:
A) Acid-test ratio.
B) Merchandise turnover.
C) Price earnings ratio.
D) Accounts receivable turnover.
E) Profit margin ratio.
Correct Answer:

Verified
Correct Answer:
Verified
Q124: Describe ratio analysis including its purpose, application,
Q142: Current assets divided by current liabilities is
Q143: A company paid cash dividends on its
Q144: Financial statement analysis lessens the need for
Q145: The current year-end balance sheet data for
Q146: General standards of comparisons include the 2:1
Q148: The comparative balance sheet for Golden Co.
Q150: Evaluation of company performance can include comparison
Q151: The following information is available for the
Q152: Financial statement analysis may be used for