Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
Gen Combo Ll Financial Accounting Fundamentals; Connect Access Card
7th Edition
ISBN: 9781260581256
Author: John Wild
Publisher: McGraw-Hill Education
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Chapter C, Problem 14QS
To determine

Return on Assets:

The return on assets is the return earned on the amount invested in assets. The return on assets is also known as the return on investment. In getting income individual or company will invest money; the ultimate aim is to earn a good return on the amount invested.

External Users:

External Users are those who will not participate in the decision making of the company, but they are interested in the affairs of the company. As the financial event occurs in the company the effect of that event will directly impact on the External Users. The external users are creditors, lenders, analysts, consumers and government.

1.

To identify: The formula to calculate return on assets.

2.

To determine

To explain: The return on asset ratio reflects.

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