Which one of the following statements is false regarding the gross profit ratio?
a. The gross profit ratio is calculated by dividing net sales by gross profit.
b. The gross profit ratio is a measure of profitability.
c. The gross profit ratio can help investors decide whether or not to buy a company's stock.
d. The gross profit ratio should be compared with both a company's prior years' ratios and also competitor ratios.
a
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A paragraph that uses examples or demonstrates a main idea uses what technique for paragraph development?
A) Illustration B) Comparison or contrast C) Cause and effect D) Classification E) Problem and solution
Which of the following is an example of a committed fixed cost?
a. investment in production facilities b. advertising c. preventive maintenance d. employee training programs
An investment contract is a flexible standard for defining a security
Indicate whether the statement is true or false
Micky, a mechanic, repaired Daphane's Dodge. Daphane failed to pay the repair bill of $595 . Since Micky was still storing the car, he could therefore claim a landlord's lien on the car
a. True b. False Indicate whether the statement is true or false