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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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Posts: 4891
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7 years ago
Which of the following is the correct formula for calculating rate of return on total assets?
A) (Net income - Interest expense) / Total assets
B) (Net income + Interest expense) / Average total assets
C) Total equity / Total assets
D) (Net income - Interest expense) / Average total asset
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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#1
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7 years ago
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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#3
4 years ago
Thank you
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