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:

Yards

A unit of length equal to 3 feet or 36 inches, used in both the imperial and US customary systems.

Inches

A unit of length in the United States customary and British imperial systems, equal to one-twelfth of a foot or exactly 2.54 centimeters.

Conversion Formula

A mathematical formula used to convert measurements from one unit to another.

Miles

A unit of distance measuring 5,280 feet or approximately 1.609 kilometers.