.1._______________________ is used by the product companies, but not service companies.
a)Earnings per share b) Gross profit ratio c) Current ratio d) Profit margin
2.ABC company selects an accounting period that is close to the end of January because
a.The company's CPAs are attempting to spread out the workload.
b.The Internal Revenue Service requires merchandise companies to select such a date for their fiscal year.
c.The company originally started business operations on that date.
d.Business activity has reached a slow period that is suited to the preparation of its financial statements at the end of the year.