Question
Match the following: Match each of the options above to the items below. 1 Return on assets 2 Asset turnover 3 Big bath 4
Match the following: Match each of the options above to the items below. 1 Return on assets 2 Asset turnover 3 Big bath 4 Impairment 5 Profit margin Net income divided by average total assets; measures the amount of net income generated for each dollar invested in assets. Net income divided by net sales; indicates the earnings per dollar of sales. Net sales divided by average total assets; measures the sales per dollar of assets invested. Recording all losses in one year to make a bad year even worse. Occurs when the future cash flows (future benefits) generated for a long-term asset fall below its book value (cost minus accumulated depreciation).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started