Bob Stewart plans to visit his financial planner today to discuss investment strategy. As a young accountant, he knows he can afford to invest in a few riskier investments. Which of the following ratios will be an important measure of profitability for Bob?
A) return on sales
B) return on equity
C) inventory turnover
D) acid test ratio
Answer: B) return on equity
Business
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In a lean system, waste is any action that
A. Costs money. B. Could be done by an outside supplier. C. Does not generate value. D. Must be performed manually.
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