Question: TUV Labs recently reported its RONA ( return on net assets ) for the fiscal year ending 0 8 / 3 1 / 2 0

TUV Labs recently reported its RONA (return on net assets) for the fiscal year ending 08/31/2024. Reporting their RONA was primarily intended to offer increasingly wary investors an updated metric of financial performance that takes into account TUV's earnings with regard to fixed assets and net working capital. If their RONA =0.38, then that means _________________________________________________.
Group of answer choices
TUV Labs, on average, generated a $0.38 loss for every $1.00 spent on its working capital combined with its fixed assets.
TUV Labs generated a 38% return on its working capital combined with its fixed assets.
TUV Labs spent, on average, 38% more time to realize earnings with regard to its working capital combined with its fixed assets.
TUV Labs generated $0.38 more for every $10.00 spent on its working capital combined with its fixed assets.
TUV Labs realized a higher rate of return of 38% more than the prior fiscal year with regard to its working capital combined with its fixed assets.

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