Which of the Following Is the Correct Formula for Calculating

question 187

Multiple Choice

Which of the following is the correct formula for calculating rate of return on total assets?

• A) (Net income + Interest expense) / Average total assets
• B) (Net income - Interest expense) / Average total asset
• C) (Net income - Interest expense) / Total assets
• D) Total equity / Total assets

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Definitions:

Isometric Sketch

A method of graphical representation allowing the visualization of three-dimensional objects in two dimensions, where the three axes appear equally foreshortened and the angles between them are 120 degrees.

Receding Axes

A term used in perspective drawing, indicating axes that give the illusion of depth by appearing to recede into the distance.

Isometric Ellipse

An ellipse that represents a circle viewed in isometric projection, used to convey circular features in angled views on technical drawings.

Oblique Circles

Circles on an oblique plane to the observer, appearing as ellipses in technical drawings and perspectives.