Which of the Following Best Describes the Return on Assets

Multiple Choice

Which of the following best describes the return on assets ratio?

A) Net income + interest expense) ÷ total assets
B) [Net income + interest expense × 1 - tax rate) ) ] ÷ average total assets
C) [Net income + interest expense × tax rate) ] ÷ average total assets
D) Net income + interest expense + income tax expense) ÷ total assets