Final answer:
The SG&A/sales ratio measures how efficiently a company manages its expenses relative to its sales. The company with the lowest SG&A/sales ratio is considered to be the most efficient. Specific companies need to be known to accurately determine which company has the most efficient ratio.
Step-by-step explanation:
SG&A stands for Selling, General, and Administrative expenses. It includes the costs associated with running a company, such as salaries, marketing expenses, and administrative costs. The SG&A/sales ratio measures how efficiently a company manages its expenses relative to its sales.
To determine which company has the most efficient SG&A/sales ratio, you need to compare the ratio for each company. The company with the lowest SG&A/sales ratio is considered to be the most efficient. Without knowing the specific companies mentioned in the question, it is not possible to provide an accurate answer.
Therefore, you need to know the specific companies involved in order to accurately determine which company has the most efficient SG&A/sales ratio.