The _____ uses only sales revenues and net income and an analyst nearly always can calculate, regardless of format and display differences in income statement presentations.
A)acid test or quick ratio
B)current ratio
C)asset turnover ratio
D)profit margin percentage
E)revenue turnover ratio

Question

Quizplus · Accepted Answer

The profit margin percentage uses only sales revenues and net income and can be calculated by dividing net income by revenue. It is a commonly used ratio to evaluate a company's profitability.

The _____ Uses Only Sales Revenues and Net Income and an Analyst