Ending Inventory Equals the Number of Units on Hand Multiplied

question 140

True/False

Ending inventory equals the number of units on hand multiplied by the unit cost.

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Definitions:

Return on Assets

A financial ratio that indicates how profitable a company is relative to its total assets.

Net Income

The profit a company makes post all deductions of expenses and taxes from its overall revenue.

Assets

Assets held by a company or person anticipated to yield benefits in the future.

U.S. Treasury Bonds

Long-term government securities issued by the U.S. Department of the Treasury with a fixed interest rate and maturity of more than 10 years.