(Net Income ∕ Total Assets)

question 22

Multiple Choice

(Net income ∕ Total assets)

• A) Operating profit margin
• B) Net profit margin
• C) Operating return on assets
• D) Return on total assets
• E) Return on equity

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Definitions:

Mining Acquisition Rights

Rights or licenses obtained by a company to explore or extract mineral resources from a specific area.

Pre-exploration Survey

The initial analysis or evaluation conducted to gather information about a possible mineral, oil, or gas site before starting exploration activities.

AASB 116

Refers to the Australian Accounting Standards Board Standard 116, which outlines the accounting treatment for property, plant, and equipment, emphasizing recognition, measurement after recognition, and depreciation.

Property, Plant and Equipment

Long-term tangible assets used in the operation of a business and not intended for immediate sale.