Vendors Promise It, Management Demands It, What Is It?
Definitions Abound — You might find these definitions in a finance or economics textbook: A measure of a corporation’s profitability, equal to a fiscal year’s income divided by common stock and preferred stock equity plus long-term debt. A calculation of the return (earnings) as a percentage of the assets employed (investment). These definitions may be accurate; but, they are not helpful to most people.
