Return on Assets Is

question 101

Multiple Choice

Return on assets is:

• A)Also called rate of return.
• B)Computed by dividing net income by average total assets.
• C)Computed by multiplying net income by average total assets.
• D)Used in helping evaluate expenses.
• E)Found on the balance sheet.

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Definitions:

Ethanol

A volatile, flammable, clear liquid also known as alcohol, used as a solvent, in the manufacture of various chemicals, and as an intoxicant.

Acetic Acid

A weak carboxylic acid with the formula CH3COOH, known for its sour taste and pungent smell, used in vinegar.

Carbonyl

A functional group consisting of a carbon atom double-bonded to an oxygen atom, central to various organic compounds including aldehydes and ketones.

Butan-2-ol

An isomer of butanol where the hydroxyl (-OH) group is attached to the second carbon in the butane chain.