Net Income Is Needed to Calculate All of the Following

question 31

Multiple Choice

Net income is needed to calculate all of the following ratios,except

• A) return on assets.
• B) profit margin.
• C) return on equity.
• D) asset turnover.

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Definitions:

African American

A term referring to citizens or residents of the United States who have total or significant partial ancestry from any of the black racial groups of Africa.

Poverty

A condition or state where an individual or group lacks the financial resources and essentials for a minimum standard of living.

Percent

A mathematical term describing a number expressed as a fraction of 100, used to indicate proportions.

SES

An acronym for Socioeconomic Status, which refers to an individual's or family's economic and social position in relation to others, based on income, education, and occupation.