Net Income Divided by Average Total Assets Is Equal to The

question 110

Multiple Choice

Net income divided by average total assets is equal to the:

• A)Profit margin.
• B)Total asset turnover.
• C)Return on total assets.
• D)Days' income in assets.
• E)Current ratio.

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Definitions:

Total Quality Management

An extensive management approach focused on continuously improving the quality of products and services to achieve customer satisfaction.

Regulatory Standards

Established rules and specifications issued by regulatory agencies that businesses must comply with to ensure safety, quality, and fairness.

Continuous Improvement

A continuous attempt to improve products, services, or processes by making small and significant advancements.

Quality Control

The process of ensuring that products and services meet customer expectations and comply with specific standards.