For which industry is an operating expense to operating
For which industry is an operating expense to operating revenue ratio most likely used?
a. banking
b. railroad transportation
c. Electricity Utility
d. Oil and Gas explortation company
e. both b & c
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for which industry is an operating expense to operating revenue ratio most likely useda bankingb railroad
interest expense creates magnification of earnings through financial leverage becausea distributions to shareholders
a characteristic common to banks utilites and transportation is thata each has a uniform system of accounts established
which suppliers of funds typically bear the greatest risk and should therefore earn the greatest returna warren holders
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