Return on assets measures:
A) how much the entity earned for each dollar of assets invested.
B) return on sales times total asset turnover.
C) profitability of a company's core business operations.
D) A and B.
Correct Answer:
Verified
Q170: The impairment loss on long-term plant assets
Q171: Samson Company has a machine with the
Q172: Several intangible assets are listed.Match the intangible
Q173: New Tech Company acquired a patent on
Q175: In 2014,David Company paid $250,000 for an
Q176: The records of Milwaukee Sprinkler Systems report
Q177: Equipment is acquired by issuing a note
Q178: U.S.Generally Accepted Accounting Principles differ from IFRS
Q179: The impairment test for long-term assets applies
Q192: Return on assets measures how profitably management
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents