5. Financial Ratios (LO3, CFA6) Which of the following profitability ratios is incorrect? a. Gross margin =
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5. Financial Ratios (LO3, CFA6) Which of the following profitability ratios is incorrect?
a. Gross margin = Gross profit/Cost of goods sold
b. Operating margin = Operating income/Net sales
c. Return on assets = Net income/Total assets
d. Return on equity = Net income/Shareholder equity
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Related Book For 
Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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