Which of the following profitability ratios is incorrect? a. Gross margin = Gross profit/Cost of goods sold

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Which of the following profitability ratios is incorrect?

a. Gross margin = Gross profit/Cost of goods sold

b. Operating margin = Operating income/Net sales

c. Return on assets = Net income/Total assets

d. Return on equity = Net income/Shareholder equity.

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Fundamentals Of Investments Valuation And Management

ISBN: 9781266824012

10th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Question Posted: Jan 02, 2024 05:40 AM

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Which of the following profitability ratios is incorrect? a. Gross margin = Gross profit/Cost of goods sold

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The incorrect profitability ratio among the options is a Gross margin Gross profitCost ...View the full answer

Fundamentals Of Investments Valuation And Management

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