The Return on Assets Is Calculated By

question 22

Multiple Choice

The return on assets is calculated by:

• A)multiplying profit and average assets.
• B)dividing profit by average assets.
• C)subtracting profit from average assets.
• D)adding profit and average assets.

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Definitions:

Tax Liabilities

Financial obligations imposed by governments on individuals and entities in relation to their income, property, and transactions.

Mathematical Calculations

The process of using mathematical operations and techniques to solve problems or analyze data.

Accounting Process

A systematic method of recording, analyzing, and summarizing financial transactions of a business.

Bookkeeping

The systematic recording of business transactions.