Fundamental Accounting Principles Study Set 5
Quiz 1: Accounting in Business
Return on Assets Is Also Known as Return on Investment
Return on assets is also known as return on investment.
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Return on assets is useful to decision makers for evaluating management, analyzing and forecasting profits, and in planning activities.
Arrow's net income of $117 million and average assets of $1,400 million results in a return on assets of 8.36%.
Return on assets reflects the effectiveness of a company's ability to generate profit through productive use of its assets.
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