________________measures the profitability of the company during the year. It shows the difference between revenues and expenses.
举一反三
- A balance sheet reports:（ ）. A: the assets, liabilities, and owner’s equity on a particular date. B: the difference between revenues and expenses during the period. C: the change in the owner’s equity during the period. D: the cash receipts and cash payments during the period.
- During the year, EcoWash, Inc., has $120,000 in revenues, $50,000 in expenses, and $4,000 in dividend payments. EcoWash had net income (or net loss) of
- Foreman Company’s revenues are $300 on investedcapital of $240. Expenses are currently84% of sales. If Foreman Company canreduce its expenses to 75% of sales, return on investment will be:
- Tyson Company’s revenues are $300 and investedcapital is $240. Expenses are currently80% of sales. Tyson Company’s currentreturn on investment is:
- During the current year, the assets of The Big Dial increase by $132,000, and the liabilities increase by $80,000. As a result, owners' equity A: decreases by $52,000 during the year. B: increases by $52,000 during the year. C: increases by $212,000 during the year. D: is $52,000 at the end of the year.