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H3Ko H3Ko
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8 years ago
Which of the following formulae is used to calculate average total assets for the return on assets ratio?
A) Average total assets = (Beginning total assets - Ending total assets) / 2
B) Average total assets = (Beginning total assets + Ending total assets) × 2
C) Average total assets = (Beginning total assets - Ending total assets) × 2
D) Average total assets = (Beginning total assets + Ending total assets) / 2
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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8 years ago
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H3Ko Author
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#2
8 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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