FINANCIAL RATIOS REPORT - Michigan

Nov 26, 2010 · Revenue = Expenses – Net Income b. Revenue - Expenses = Net Income c. Line Amount ÷ Net Sales = Common-Size Percentage d. Sales – Cost of Sales = Gross Profit ... The inventory turnover ratio formula uses: a. the beginning inventory amount. b. the ending inventory amount. c. the number of days in the operating year. d. an average of ... ................
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