Question
8) Which of the following is the correct formula for calculating rate of return on total assets? A) (Net income - Interest expense) / Average
8) Which of the following is the correct formula for calculating rate of return on total assets?
A) (Net income - Interest expense) / Average total asset
B) Total equity / Total assets
C) (Net income + Interest expense) / Average total assets
D) (Net income - Interest expense) / Total assets
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Managerial Accounting Creating Value in a Dynamic Business Environment
Authors: Ronald Hilton, David Platt
10th edition
78025664, 978-0078025662
