FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
A return on assets of 5.15% means that a company is earning:
a.a $5.15 return on every $100 invested in long-term assets.
b.a $5.15 return on every $100 of total assets.
c.a $5.15 return on every $100 of assets minus liabilities.
d.a $5.15 return on every $100 of current assets.
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