ACCOUNTING PRINCIPLES V1 6/17 >C<
ACCOUNTING PRINCIPLES V1 6/17 >C<
3rd Edition
ISBN: 9781323761434
Author: Horngren
Publisher: PEARSON C
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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