Business Glossary - R
RFP - See Request For Proposals
ROI - See Return on Investment
Ratio - Denotes relationships of items within and between financial statements, e.g., current ratio, quick ratio, inventory turnover ratio and debt/net worth ratios.
Request For Proposals - A document outlining a government agency’s requirements and the criteria for the evaluation of offers.
Return On Equity - A measure of a corporation’s profitability, specifically its return on assets, calculated by dividing aftertax income by tangible assets.
Return On Investment - The amount of profit (return) based on the amount of resources (funds) used to produce it. Also, the ability of a given investment to earn a return for its use.