EBK HORNGREN'S ACCOUNTING
EBK HORNGREN'S ACCOUNTING
12th Edition
ISBN: 9780134487212
Author: MILLER-NOBLES
Publisher: PEARSON CO
Question
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Chapter 15, Problem 14RQ
To determine

Rate of return on total assets is a profitability ratio. Profitability ratio helps in analysing company’s performance with regard to company’s profit.

To determine: - What does this ratio depict and how is it used?

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