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Based on the data that follow, which of the following statements is FALSE?
Percentage Analysis
A financial analysis technique that involves expressing each item in a financial statement as a percentage of a base amount to assess the financial health and performance of a company.
Financial Statement
A formal record of the financial activities and position of a business, individual, or other entity, usually presented in a structured manner for a specific period.
Return On Total Assets
A profitability ratio that measures the profitability of total assets without considering how the assets are financed, computed as income plus interest expense divided by average total assets.
Profitability
A measure of how effectively a company generates profit from its revenues or assets.
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