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Simone is a manager of Rolling Hills Resort LLC,a limited liability company.Rolling Hills is formed in a state that does not explicitly create fiduciary duties for LLC managers but does require the exercise of good business judgment.Unless a court rules otherwise,Simone owes fiduciary duties to
Total Asset Turnover Ratio
An economic indicator that evaluates how effectively a business utilizes its assets to produce sales income.
Return on Assets Ratio
A financial metric indicating how profitable a company is relative to its total assets, calculated by dividing net income by total assets.
Accruing Interest Expense
The process of recording interest expense that has been incurred but not yet paid in the financial statements.
Stockholders' Equity
The portion of a company's assets that can be claimed by its owners, equal to total assets minus total liabilities.
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