Asked by Tristan Jansen on Apr 25, 2024
The company's return on total assets for Year 2 is closest to:
A) 0.99%
B) 1.00%
C) 1.85%
D) 1.83%
Return On Total Assets
A financial ratio indicating the profitability of a company relative to its total assets, measuring how efficiently a company uses its assets to generate profit.
Year 2
Typically refers to the second year in a given context, such as the second year of a business, investment, or educational program.
- Assess and determine a corporation's total asset return.
Learning Objectives
- Assess and determine a corporation's total asset return.
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