Which of the following is the formula to compute the rate of return on total assets? A.
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Question:
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
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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