Question
What is primarily responsible for the potential distortion among the ROA of different firms when net income is used in the numerator of ROA? Multiple
What is primarily responsible for the potential distortion among the ROA of different firms when net income is used in the numerator of ROA?
Multiple Choice
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Firms have different dividend payout ratios.
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Some firms use fully depreciated assets.
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Financial leverage varies among firms.
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Unprofitable firms will not have any tax liability.
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Anti Fraud Risk And Control Workbook
Authors: Peter Goldmann, Hilton Kaufman
1st Edition
0470496533, 978-0470496534
