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Refer to the figure below. Does this figure illustrate both the first and second laws of thermodynamics?
Average Operating Assets
The average value of assets used in the daily operation of a business, calculated over a specific period.
Net Operating Income
The income a company makes from its regular business activities, not including costs related to interest and taxes.
Net Operating Income
A measure of a company's profitability that calculates how much revenue exceeds operating expenses, not including taxes and interest expenses.
Average Operating Assets
A financial metric calculated by averaging the beginning and ending values of assets employed in generating operating income over a certain period.
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