Wealth Can Be Defined as the Net Total Value of All

question 94

True/False

Wealth can be defined as the net total value of all the things you own.

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Definitions:

Profitability Ratios

Ratios that measure the amount of operating income or net income an organization is able to generate relative to its assets, owners’ equity, and sales.

Return On Equity

Net income divided by owners’ equity; also called return on investment (ROI).