Which of the following is a true statement about profitability ratios? (a) All companies have a high
Question:
Which of the following is a true statement about profitability ratios?
(a) All companies have a high inventories turnover ratio.
(b) Auditors will be interested in trends in profitability ratios.
(c) Profitability ratios should be the same for all divisions of the company.
(d) Companies will try to have the same profitability ratio in each month of operation.
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Related Book For
Auditing A Practical Approach
ISBN: 9780730364573
3rd Edition
Authors: Robyn Moroney, Fiona Campbell, Jane Hamilton
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