Return on Assets Can Be Stated As

question 50

Multiple Choice

Return on assets can be stated as:

• A)net after-tax profit divided by total assets
• B)total assets divided by net after-tax profit
• C)total assets divided by revenues
• D)revenues divided by total assets

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Definitions:

Machine-Hours

A measure used in accounting to allocate manufacturing overhead costs, representing the total hours that machines are operated in the production of goods.

Number of Batches

The total count of groups or sets of items processed or produced together in a manufacturing or production process.

Total Overhead Cost

The combined indirect costs associated with the normal operations of a business, such as administrative expenses, depreciation, and utilities.

Activity-Based Costing

Activity-based costing is an accounting methodology that assigns costs to products or services based on the activities and resources required to produce them, enhancing cost accuracy.