Net Profit After Taxes Per Dollar of Assets Is a Basic

question 53

Multiple Choice

Net profit after taxes per dollar of assets is a basic measure of bank profitability called

• A) return on assets.
• B) return on capital.
• C) return on equity.
• D) return after taxes.

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Definitions:

Equivalent Units

A concept used in cost accounting to express the amount of work done by incomplete units in terms of fully completed units.

First-In, First-Out

An inventory valuation method that assumes the first items placed in inventory are the first sold.

Inventories

Assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials or supplies to be consumed in the production process.

Cost Of Production Report

A financial report detailing the total cost and production quantities of a manufacturing department or process.