Question: The only difference between return on assets ( ROA ) and return on net operating assets ( RNOA ) is that the denominator in RNOA

The only difference between return on assets (ROA) and return on net operating assets (RNOA) is that the denominator in RNOA is typically smaller than the denominator in ROA because the former is net of operating liabilities.
Select one:
True
False

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