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1. Return on assets measures the efficiency with which management: a Generates earnings from the assets under its control, regardless of how these assets are

1.Return on assets measures the efficiency with which management:

aGenerates earnings from the assets under its control, regardless of how these assets are financed.

bGenerates earnings from the assets under its control, giving consideration to any costs of financing these assets.

cGenerates cash from the assets under its control, regardless of accrual-based measures of profitability.

dConverts its current assets into cash.

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