ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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RETURN ON SALES Definition
RETURN ON SALES is a measure of a companys profitability, equal to a fiscal years pre-tax income divided by total sales.
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AUDIT SCHEDULES are the information formats developed by the external auditors to guide the corporation in the preparation of particular information presented in a particular manner that facilitates the audit. These should always be completed by the corporation prior to the start of the audit.
BOOK PROFIT see BOOK INCOME.