By knowing the return on assets for his bakery shop,Chuck will know:
A) how much profit was generated from his investment in assets.
B) information found only on his balance sheet.
C) information found only on his income statement.
D) total assets divided by net profits.
E) total assets divided by owners' equity.

Question

Quizplus · Accepted Answer

Return on assets is an important performance measure for a firm and its stockholders because it measures the profits that a firm makes relative to the assets it possesses.

By Knowing the Return on Assets for His Bakery Shop,Chuck