The Return on Assets Is Calculated by Dividing Net Income

question 86

True/False

The return on assets is calculated by dividing net income by total assets.

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Definitions:

Vicarious Liability

A legal principle where a party is held responsible for the actions or omissions of another person, typically in employer-employee relationships.

Spoliation

The intentional, reckless, or negligent destruction, alteration, or concealment of evidence that is relevant to a legal proceeding.

Remedy

Legal means to enforce a right or redress a wrong, which can involve monetary compensation, restitution, or other corrective measures.

Destroyed

Completely ruined or spoiled, often beyond repair or recovery.