Return on Assets Is a Ratio Based on a Retailer's

question 27

True/False

Return on assets is a ratio based on a retailer's net sales,net assets,and financial leverage.

---

Definitions:

1937−1939 Recession

A period of economic downturn in the United States which occurred within the Great Depression era, characterized by a significant decline in industrial production and employment rates.

United Mine Workers

A labor union representing coal miners in the United States, focused on improving workers' safety and wages.

AFL

The American Federation of Labor, a national federation of labor unions in the United States founded in 1886, representing workers in various industries.

Emergency Banking Relief Bill

A 1933 act passed in the United States during the Great Depression to restore investor confidence and stabilize the banking system by putting federally guaranteed banks under the control of the Treasury.