Return on assets managed equals contribution of the asset as a percentage of sales multiplied by the inventory turnover rate.

Name: Return on assets managed equals contribution of the asset as a percentage of sales multiplied by the inventory turnover rate.
Brand: Quizplus
Rating: 4.7 (25 reviews)

Question

Quizplus · Accepted Answer

Return on assets is calculated as net income divided by total assets, not by multiplying contribution of the asset as a percentage of sales by the inventory turnover rate.

Return on Assets Managed Equals Contribution of the Asset as a Percentage