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22nd Edition
ISBN: 9780077632878
Author: Wild
Publisher: MCG
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Chapter 15, Problem 14QS
To determine

Concept Introduction:

Rate of Return on total assets: Rate of Return on total assets can be defined as the ratio that measures a company’s net income against its total net assets or average total assets.

Rate of Return on total assets can be calculated as

Rate of Return on Total Assets= Net IncomeAverage Total assets

Now, the average total assets are calculated as

Average total assets=Beginning Total assets+Ending total assets2

Requirement 1

To describe:

How return on total assets is computed.

To determine

Requirement 2

To describe:

What does return on total assets reflect?

Blurred answer

Chapter 15 Solutions

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