Return on Assets Is

question 101

Multiple Choice

Return on assets is:

• A)Also called rate of return.
• B)Computed by dividing net income by average total assets.
• C)Computed by multiplying net income by average total assets.
• D)Used in helping evaluate expenses.
• E)Found on the balance sheet.

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Definitions:

Lifetime Learning Credit

A tax credit available in the United States for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution, aiming to promote post-secondary education.

Tax Advantage

Financial benefits and savings provided through exemptions, deductions, and credits that reduce the amount of tax owed.

Earned Income Credit

A refundable tax credit for low to moderate-income working individuals and families, aimed at decreasing the amount of tax owed and potentially returning money to the taxpayer.

Inflation

The rate at which the general level of prices for goods and services is rising, eroding purchasing power.