OPERATING PROFIT TO SALES is a useful ratio when evaluating value of a firm. It discounts the effect of varying tax rates and benefits to give a more accurate indication of the return associated with the firm. Operating Profit (EBITDA) / Net Revenues.
SLIDE ERROR is the incorrect placement of the decimal point, e.g. $2545.00 is recorded as $25.45.
CARTE BLANCHE is unrestricted power to act at ones own discretion, i.e. unconditional authority.
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