Which of the Following Formulae Is Used to Calculate Average

question 122

Multiple Choice

Which of the following formulae is used to calculate average total assets for the return on assets ratio?

• A) Average total assets = (Beginning total assets + Ending total assets) × 2
• B) Average total assets = (Beginning total assets - Ending total assets) × 2
• C) Average total assets = (Beginning total assets - Ending total assets) / 2
• D) Average total assets = (Beginning total assets + Ending total assets) / 2

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Definitions:

Federal Judges

Jurists appointed to preside over courts established by the federal government.

Impeached

The process by which a public official is accused of unlawful activity, possibly leading to the removal from office depending on the outcome of a trial.

Resign

To voluntarily leave a position or office, often as a personal decision.

Concurring Opinion

A concurring opinion is a legal document written by a judge or justice who agrees with the conclusion of the majority in a case but for different reasons.