Return on assets is calculated as:
A) Net Income divided by total assets.
B) Net Income divided by average total assets.
C) Net Income divided by ending total assets.
D) Ending total assets divided by net income.
Answer: B
A) Net Income divided by total assets.
B) Net Income divided by average total assets.
C) Net Income divided by ending total assets.
D) Ending total assets divided by net income.
Answer: B
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