Given Below Are Several Ratios

question 124

Multiple Choice

Given below are several ratios. Select the accounts or amounts that would be used in order to calculate the ratio. You will have more than one response to each ratio. Some accounts or amounts may not be used at all. Select all that apply.
-Return on assets ratio

• A) Market price per share
• B) Net sales
• C) Gross profit
• D) Average total assets
• E) Interest expense, net of tax
• F) Net income
• G) Total liabilities
• H) Total assets

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Definitions:

Stockholders' Equity

The ownership interest of shareholders in the assets of a corporation, calculated as total assets minus total liabilities.

Assets

Resources owned or controlled by a business, entity, or individual, which are expected to produce value.

Liabilities

Financial obligations or debts owed by a company to creditors.

Missing Amount

A term referring to unaccounted funds or discrepancies found in financial records during a reconciliation or audit process.