Which one of the following ratios is a common analytical tool used by merchandise corporations, but not by service corporations?
a. Gross profit ratio
b. Earnings per share
c. Current ratio
d. Profit margin
a
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The breakeven point is the level of activity at which fixed costs are recovered
Indicate whether the statement is true or false
How does servant leadership differ from a basic ethical leadership? What does it add?
What will be an ideal response?
Product costs are:
A. treated in the same manner as period costs. B. expensed when incurred. C. treated in the same manner as advertising costs. D. subtracted from cost of goods sold. E. inventoried.
Joanne works in the marketing department of a toy manufacturing company. Her company offers discounts for soft toys but sells electronic toys at a price higher than that of its competitors. In this scenario, Joanne's company has adopted the _____ strategy.
A. everyday-low pricing B. high/low pricing C. penetration pricing D. skimming pricing