Return on Assets Is a Combination of the Profit Margin

question 117

True/False

Return on assets is a combination of the profit margin and the asset turnover.

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Definitions:

S&P 500 Index

A stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States, often used as a benchmark.

Bushels

A unit of volume that is used in the United States for measuring agricultural commodities like grains and fruits.

Corn

Refers to a cereal plant that yields large kernels on a cob, also a staple food in various regions.