Question
The return on equity ratio: a. Is used to evaluate a business success relative to other activities. b. Is the ratio of net income to
The return on equity ratio:
a. Is used to evaluate a business success relative to other activities.
b. Is the ratio of net income to owners equity.
c. May be modified for proprietorships or partnerships by subtracting the value
of the owners efforts in managing the business.
d. All of the above
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan
15th edition
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