Question
Profit is $100 000, average assets are $800 000, and net sales are $1000 000. The return on assets ratio is A. 10 times B.
Profit is $100 000, average assets are $800 000, and net sales are $1000 000. The return on assets ratio is
A. 10 times
B. 8 times
C. 10.0%
D. 12.5%
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
