Which of the following ratios is INCORRECTLY defined? Choose one: a. Sales Growth=Sales-PreviousSales/PreviousSales b. ROE=NetIncome/Equity c. Days

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Which of the following ratios is INCORRECTLY defined?

Choose one:

a. Sales Growth=Sales-PreviousSales/PreviousSales

b. ROE=NetIncome/Equity

c. Days Inventory= Inventory/AverageDailyCostOfGoodsSold

d. TIE= EBIT/InterestExpense

e. ROA=(NetIncome+InterestExpense)/Assets

Related Book For answer-question

Fundamentals Of Financial Accounting

ISBN: 9781265440169

7th Edition

Authors: Fred Phillips, Shana Clor Proell, Robert Libby, Patricia Libby

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Posted Date: May 12, 2022 02:25 PM

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Which of the following ratios is INCORRECTLY defined? Choose one: a. Sales Growth=Sales-PreviousSales/PreviousSales b. ROE=NetIncome/Equity c. Days

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Expert Answer:

d T IE E BIT Interest Exp ense The E BIT Interest Exp ense ratio is incorrect because it ... View the full answer

Fundamentals Of Financial Accounting

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