When Calculating ROI,assets Invested Represent the Average of the Beginning

question 1

True/False

When calculating ROI,assets invested represent the average of the beginning and ending asset balances for a given period.

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Definitions:

Balanced Equation

A chemical equation where the number of atoms for each element, and thus the total charge, is the same on both the reactants' and the products' sides.

CH4O

CH4O represents the chemical formula for methanol, a simple alcohol used as a solvent, fuel, and antifreeze.

H2O

The chemical formula for water, a compound consisting of two hydrogen atoms bonded to one oxygen atom.

Balanced Equation

A chemical equation where the number of atoms for each element is equal on both the reactant and product sides, indicating mass conservation.