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In 2017, Elephant Corporation's financial statements included the following information: To one decimal, Elephant's return on assets (ROA) for 2017 was
Acid-test Ratio
A financial metric that measures a company's ability to pay off its short-term liabilities with its quick assets, excluding inventory.
Return On Total Assets
A financial ratio that measures a company's efficiency in using its assets to generate profit, calculated by dividing net income by total assets.
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