In Computing the Return on Total Assets, Interest Expense Is

question 157

True/False

In computing the return on total assets, interest expense is subtracted from net income before dividing by average total assets.

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Definitions:

Spouse

Spouse refers to a partner in a marriage.

Procure Policy

The process of obtaining or arranging an insurance policy.

National Insurance

A system of taxes and payments made by workers and employers to fund state benefits, primarily in the UK.

Broker

A person or firm that acts as an intermediary between a buyer and seller, usually charging a commission.