Return on Assets Is Calculated as Net Income Divided by the Ending

question 91

True/False

Return on assets is calculated as net income divided by the ending balance for total assets.Return on assets is calculated as net income divided by average total assets.

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Definitions:

Wages

The monetary compensation paid by an employer to an employee in exchange for work performed, often specified in terms of hours, weeks, or tasks completed.

Factor Demand

The demand for input factors by businesses that are required to produce goods or services.

Outputs

The products or services generated by a business or an economic system.

Inputs

The resources, such as capital, labor, and materials, used in the production process to create goods or services.