Return on Assets Is

question 273

Multiple Choice

Return on assets is:

• A)Also called rate of return
• B)Computed by dividing net income by beginning assets plus ending assets divided by two
• C)Computed by multiplying net income by total assets
• D)Used in helping evaluate expenses
• E)Found on the balance sheet

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Definitions:

Essential Supplies

Materials or items that are considered absolutely necessary for the operation of a business or during a crisis situation.

Deceit

The act of misleading or deceiving someone through intentionally false statements or misrepresentations.

Misrepresentation

A false or misleading statement that induces another party to enter into a contract, possibly rendering the contract voidable.

Device

An instrument, tool, or machine created for a specific function or purpose, ranging from simple tools to complex machinery.