The Return on Total Assets (ROA) Is an Activity Ratio

question 119

True/False

The return on total assets (ROA) is an activity ratio that is the percentage returned to investors on total assets.

---

Definitions:

Right of Way

The legal right to pass through property owned by another, or a priority in traffic, allowing certain vehicles or pedestrians to go first.

Estate in Land

The degree, quantity, nature, and extent of interest a person has in real property.

Real Property

Land and anything permanently attached to it, such as buildings and other structures.

Personal Property

Assets not permanently fixed to one location, such as furniture, vehicles, and electronics, as opposed to real estate.