Property That Has Been Abandoned or Property Whose Owners Cannot

question 70

True/False

Property that has been abandoned or property whose owners cannot be found is turned over to the state government until the legal owners can be found is known as escheat property.

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Definitions:

Market-To-Book-Value Ratio

A financial ratio used to compare a company's current market price to its book value, indicating how much investors are willing to pay above the net asset value.

ROA

Return on Assets, a financial ratio indicating how profitable a company is relative to its total assets, assessing efficiency in asset use.

Debt/Equity Ratio

A financial ratio indicating the relative proportion of shareholders' equity and debt used to finance a company's assets.

ROE

The percentage of return on investments that shareholders directly benefit from, calculated by dividing net income by shareholder equity.