current ratio - liquidity ratio that measures a company´s ability to pay short-term obligation or those due within one year, IFRS - it stands for "international financial standars", Gross profit - it is a company´s total revenue (equivalent to total sales) minus the cost of goods sold, Financial statement - it records that convey the business activities and the financial performance of a company , Net income - a company´s total earnings afther subtracting taxes, interests, etc, expenses - the money you use to cover the company´s operation , Revenue - The money a company actually receives during a specific period, Cost of goods sold - the value of the production of products, including creation, labor cost, etc , Profit margin ratio - a ratio which measures how much out of every dollar of sales a company actually keeps in earnings, Inventories - it refers to a company´s goods and products that are ready to sell, along with the raw materials that are used to produce them, Equity - a company´s total assets minus its total liabilities ,

ESP - Test 3

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