Question: Return on assets is: Multiple Choice Found on the balance sheet. Used in helping evaluate expenses. Computed by multiplying net income by average total assets.

Return on assets is:
Multiple Choice
Found on the balance sheet.
Used in helping evaluate expenses.
Computed by multiplying net income by average total assets.
Also called rate of return.
Computed by dividing net income by average total assets.
Return on assets is: Multiple Choice Found on the balance sheet.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Return on assets is: Multiple Choice Computed by multiplying net income by average total assets. Also called rate of return. Used in helping evaluate expenses. Computed by dividing net income by...

Q:

Case 1-1 CALIFORNIA CAR COMPANY BACKGROUND 1. Introduce students to the products and financial statements of California Car Company. Introduction to California Car Company: California Car Company...

Q:

For each competitor company compute the following 9 ratios for the most recent year (2018) for each company. The balance sheet from 2 years ago will be needed to compute average total assets and...

Q:

1) What are the main purpose for preparing the income statement and balance sheet? 2) What is net income? Why is net income so important to the company manager? 3) Why are the companys shareholders...

Q:

Calculate accurate financial ratios to assess the businesss current financial health. Working capital Current ratio Debt ratio Earnings per share Price/earnings ratio Total asset turnover ratio...

Q:

Ending liabilities are 69,250, beginning equity was $88,500, common stock issued during year totaled $32,500, expenses for the year were $23,500, dividends declared totaled $14,500, ending equity for...

Q:

$ millions for Research In Motion and Apple. 4-9, Nokia, Research in Motion, and Apple are competitors in the global marketplace. Key comparative figures for each company follow. Nokia* . . . . . . ....

Q:

Controller, Judy Koch, in a recent speech said, "I rarely see a real variable cost or a truly fixed cost." What did she mean? Include in your response an explanation of the difference in behavior of...

Q:

I've attached the assignment as a word file, thanks! You can use the class readings for this week's assignments. c05MerchandisingOperationsandtheMultiple-StepIncomeStatement.qxd 8/14/10 2:14 PM Page...

Q:

I've attached the question as a word file as well as the class text to help with the assignment. Thanks! c05MerchandisingOperationsandtheMultiple-StepIncomeStatement.qxd 8/14/10 2:14 PM Page 226...

Q:

During 2011, Company P sold $50,000 of goods to subsidiary Company S at a profit of $12,000. One-fourth of the goods remain unsold at year-end. If no adjustments were made on the consolidated...

Q:

During 2012, Crop-Paper-Scissors, a craft store, changed to the LIFO method of accounting for inventory. Suppose that during 2013, Crop-Paper-Scissors switches back to the FIFO method and the...

Q:

High P / E stocks should be preferred because they pay larger dividends.

Q:

https://media.cheggcdn.com/media/e59/e5900ba1-02b0-44ab-8246-fb980e24e7c1/phpDkQ6Ux

Q:

1. True or False: The term developing country (DVC) is applied to rich nations like the United States and Germany because their economies are always growing quickly by developing new technologies....

Q:

1. Adapt the three-step writing process to reports and proposals.

Q:

4. A DVCs population is growing 2 percent per year and output is growing 3 percent per year. If the government wants to improve living standards over coming decades, which of the following would...