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:

Employment Eligibility Verification

The process of verifying a job applicant's eligibility to work in a specific country, often through forms like the I-9 in the USA.

Legally Paid

Compensation received for services or work performed that complies with the laws and regulations of the jurisdiction.

Fringe Benefit

Additional compensation provided to employees beyond their regular salary, such as health insurance, paid time off, or retirement contributions.

Paid Time Off

Employment benefit allowing workers to take a certain number of days off while still receiving pay.