Multiple Choice
Which statement below best describes the meaning of return on assets (ROA) ?
A) It answers the question: "How much profit does the company have for each dollar of revenues?"
B) It is the percentage of profit earned from collecting accounts receivable.
C) It indicates how well management uses a company's assets to generate net income.
D) It measures the leverage during a period.
Correct Answer:
Verified
Correct Answer:
Verified
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