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Chapter 7

TermDefinition
Financial Accounting Area of accounting that focuses on reporting information to external users
Managerial Accounting Area of accounting that focuses on reporting information to internal users
Financial Ratio A comparison between two components of financial information
Ratio Analysis Calculation and interpretation of a financial ratio
Vertical Analysis Reporting an amount on a financial statement as a percentage of another item on the same financial statement
Return On Sales (ROS) Ratio of net income to total sales
Created by: simplykayleex
Popular Accounting sets

 

 



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