Multiple Choice
Which of the following is true regarding the calculation of return on total assets?
A) the numerator of the ratio consists only of net income.
B) the denominator of the ratio consists of the balance of total assets at the end of the period under consideration.
C) the numerator of the ratio consists of net income plus interest expense times the tax rate.
D) the numerator of the ratio consists of net income plus interest expense times one minus the tax rate.
Correct Answer:
Verified
Correct Answer:
Verified
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