Asked by garrett miles on Jun 10, 2024
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Net income is sometimes called earnings or profit.
Net Income
The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from revenue.
Earnings
The amount of profit that a company generates during a specific period, often reported as net income.
Profit
The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activity.
- Determine the method for calculating and interpreting return on assets.
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Learning Objectives
- Determine the method for calculating and interpreting return on assets.
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