Return on assets

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Return on assets is equal to:
Multiple Choice
Net income divided by average total assets.
Net income divided by average long-term assets.
Net income divided by long-term assets.
O Average total assets divided by net income.
Transcribed Image Text:Return on assets is equal to: Multiple Choice Net income divided by average total assets. Net income divided by average long-term assets. Net income divided by long-term assets. O Average total assets divided by net income.
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Return on assets is computed as net income upon total assets of the company.

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