What would not be a critical item on the P&L?
A) Cost of goods
B) Operating profit margin
C) Sales growth
D) Inventory

Name: What would not be a critical item on the P&L? A) Cost of goods B) Operating profit margin C) Sales growth D) Inventory
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Question

Quizplus · Accepted Answer

Inventory is reported on the balance sheet, not the P&L. The P&L only reports revenue and expenses related to the company's operations. A, B, and C are all critical items on the P&L as they impact the profitability of the company.

What Would Not Be a Critical Item on the P&L