The return on assets is calculated by Oa. dividing net income before taxes and interest expense by average total asset Ob. dividing net income before taxes and interest expense by average current assets Oc. dividing average total asset and interest expense by net income taxes Od. dividing interest expense by average total asset and average current assets
The return on assets is calculated by Oa. dividing net income before taxes and interest expense by average total asset Ob. dividing net income before taxes and interest expense by average current assets Oc. dividing average total asset and interest expense by net income taxes Od. dividing interest expense by average total asset and average current assets
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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
Transcribed Image Text:The return on assets is calculated by
Oa. dividing net income before taxes and interest expense by average total asset
Ob. dividing net income before taxes and interest expense by average current assets
Oc. dividing average total asset and interest expense by net income taxes
Od. dividing interest expense by average total asset and average current assets
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