Return on Owner's Equity Is the Ratio of Net Income

question 94

True/False

Return on owner's equity is the ratio of net income to average owner's equity in the business.

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Definitions:

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Groups of individuals who work together from different geographic locations and rely on communication technology such as email, video conferences, and messaging apps to collaborate.

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The use of tools and platforms to facilitate electronic communication, such as email, social media, and video conferencing.