Answered: Which ratio best indicates good…

Which ratio best indicates good procurement performance? Salaries declined to 12% from 12.4% Credit card fees increase to 0.4% from 0.0% Cost of goods sold declined to 54.5% from 54.7%

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Which ratio best indicates good procurement performance?
Salaries declined to 12% from 12.4%
Credit card fees increase to 0.4% from 0.0%
Cost of goods sold declined to 54.5% from 54.7%

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