Question: The operating ratio: 1) highlights the relationship between net operating income and operating expenses. 2) shows the percentage of potential gross income consumed by operating

The operating ratio:

1)

highlights the relationship between net operating income and operating expenses.

2)

shows the percentage of potential gross income consumed by operating expenses.

3)

expresses operating expense as a percent or decimal fraction of effective gross income.

4)

is the reciprocal of the break-even ratio.

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