Which of the following financial ratios is the best measure of the operating effectiveness of a firm's management?
A) Current ratio
B) Gross profit margin
C) Quick ratio
D) Return on investment
Answer: D
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It is up to a single salesperson to change his or her company's corporate culture to secure a partnership with an important client.
Answer the following statement true (T) or false (F)
Which of the following items is not needed to prepare an inventory purchases budget for a merchandising business?
A. Beginning inventory B. Desired ending inventory C. Expected unit selling price D. Expected unit sales
The zone of tolerance for a service is the perceived economic benefits in relationship to the economic costs
Indicate whether the statement is true or false
Which of the following is not true about the modified cash basis?
a. Depreciation adjustments are made each period; b. Liabilities are recognized for services received on account; c. Accrual accounting is used for prepaid assets; d. Long-term assets appear on the balance sheet; e. Revenues are recognized when cash is received