137. What is the acid-test ratio? How does it measure a company's liquidity?
138. What is gross margin ratio? How is it used as an indicator of profitability?
139. What does FOB stand for? Differentiate between FOB shipping point (or FOB factory) and FOB destination?
140. Describe the recording process (including costs) for purchasing merchandise inventory using a perpetual inventory system.
141. Describe the recording process (including costs) for sales of merchandise inventory using
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