Return on assets is useful in evaluating management,analyzing and forecasting profits,and planning activities.

Return on assets (ROA) measures how much profit a company is generating from its assets. It is a useful metric in evaluating management's effectiveness in using the company's resources to generate profits, as well as in analyzing and forecasting profits. ROA can also be used in planning activities, such as deciding whether to invest in new assets or divest from underperforming ones. Therefore, the statement is true.