The Return on Assets Is Calculated As

question 33

Multiple Choice

The return on assets is calculated as:

• A) Net Income divided by total assets.
• B) Net Income divided by average total assets.
• C) Net Income divided by ending total assets.
• D) Ending total assets divided by net income.

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Definitions:

Human Resource Controls

Human Resource controls are mechanisms put in place to manage employees' performance and ensure compliance with organizational policies.

Segregation Of Duties

A fundamental internal control principle that divides responsibilities within an organization to reduce risks of errors or fraud.

Bank Reconciliation

The process of comparing the bank's records with the company's own records of its bank account to identify discrepancies.

Cash Receipts

Money received by a business from transactions, including sales, loan proceeds, and investment income.