Assess the Validity of the Following Statement, "Slaves Were Better

question 39

Essay

Assess the validity of the following statement, "Slaves were better off than both wage earners in northern industry and free blacks back in Africa." Do you agree? Why or why not?

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Definitions:

Return on Sales

A measure of a company's profitability that calculates how much of a company's sales are converted to net income.

Gross Profit Rate

A financial metric that shows the proportion of money left from revenues after accounting for the cost of goods sold.

Rate of Return on Total Assets

A financial ratio that measures the efficiency of a company's use of its assets in generating profit, calculated by dividing net income by total assets.

Rate of Return on Common Stockholders' Equity

A measure of the profitability relative to the shareholders' equity, demonstrating how efficiently equity is used to generate profits.