In Computing the Rate Earned on Total Assets,interest Expense Is

question 50

True/False

In computing the rate earned on total assets,interest expense is added to net income before dividing by average total assets.

---

Definitions:

Price Level

The Price Level is a measure of the average prices of goods and services in an economy at a specific time.

Percentage Change

A mathematical calculation that represents the degree of change over time, expressed as a fraction of the original value.

Nominal GDP

The market value of all final goods and services produced within a country in a year, measured in current prices.

GDP Deflator

An appraisal method for the prices of all newly developed, domestically produced, consumable goods and services in an economy.