The denominator of the rate of return on total assets ratio is total assets.

Group of answer choices

True

False

A clean audit opinion is the same as a unmodified audit opinion.

Group of answer choices

True

False

Solvency analysis focuses on the ability of a business to pay its current liabilities.

Group of answer choices

True

False

In computing the return on total assets, interest expense is added to net income before dividing by average total assets.

Group of answer choices

True

False