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Which of the following statements is NOT true? a. return on assets is a simple measure for evaluating how well a firm is utilizing its
Which of the following statements is NOT true? a. return on assets is a simple measure for evaluating how well a firm is utilizing its assets to generate profits b. return on assets is equal to net income divided by total assets c. return on assets is a combination of profit margin and asset turnover d. return on assets measures performance using cash-based net income
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