Listed below are some frequently used accounting measures. Following this listing are some numbered statements. Match the accounting measure with the appropriate statements. Note that each statement will have only one accounting measurement. Also note that the accounting measurements may be used more than once or not at all.
a.Accounts receivable turnover
b.Return on assets
c.Gross profit margin
d.Inventory turnover
e.Profit margin
f.Asset turnover
g.Operating profit margin
7.The ratio of net income to operating revenues
8.A measure of a firm's ability to generate sales from its investment in assets
9.A measurement composed of profit margin and asset turnover
10.The ratio of cost of goods sold to inventory
11.A measure of a firm's ability to convert revenues to cash
12.An indicator of a firm's efficiency in controlling operating costs
13.It measures the ability of a company to use its investments to generate operating results
14.It measures the ability of a company to operate efficiently to produce profits
15.It measures efficiency on the production or purchase of goods for sale
16.The ratio of operating income to operating revenues
17.A measure of the success of a firm in converting its investment in inventory into sales
18.The ratio of (operating revenues less cost of goods sold) to operating revenues