Question
Which of the following is the formula to compute the rate of return on total assets? A. (Net income - preferred dividends) / Number of
Which of the following is the formula to compute the rate of return on total assets?
A. (Net income - preferred dividends) / Number of shares of common stock outstanding
B. Net income / Net sales
C. (Net income + income expense) / Total Assets
D. (Net income - preferred dividends) / Average common stockholders' equity
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D Net income preferred dividends Average common stockholders equity A companys net income or profit ...
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
