Which of the following describes the return on assets ratio?
A) Average total assets divided by sales
B) Net sales divided by net income
C) Net income divided by average total assets
D) Average total assets divided by net income
Correct Answer:
Verified
Q108: The number of days' spayable uncollected is
Q109: Days' inventory on hand is used to
Q110: Days' payable is a measure of
A)liquidity.
B)volatility.
C)long-term solvency.
D)profitability.
Q111: A quick ratio that is about equal
Q112: A change from FIFO to LIFO in
Q114: Which of the following describes the profit
Q115: Following are the financial statements for Flynn
Q116: Following are the financial statements for Flynn
Q117: Assuming that the current ratio was 1.6
Q118: Which of the following best describes the
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