Question
Which of the following describes the return on assets ratio? a. Net income divided by average total assets b. Average total assets divided by sales
Which of the following describes the return on assets ratio?
| a. | Net income divided by average total assets | |
| b. | Average total assets divided by sales | |
| c. | Average total assets divided by net income | |
| d. | Net sales divided by net income |
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Principles Of External Auditing
Authors: Brenda Porter, Jon Simon, David Hatherly
1st Edition
0471962120, 978-0471962120
