Saved Bookmarks
| 1. |
Give one word/term/ phrase for the following statementThe ratio measuring the relationship between gross profit and net sales. |
|
Answer» Gross profit ratio Explanation: It is the ratio based on net sales and gross profit earned. It is used to assess the profitability of the core business. It reflects the efficiency with which a firm produces its products. Higher the gross profit, better is its financial performance. |
|