Net income is used to measure the return on the firm's total assets.
Answer the following statement true (T) or false (F)
False
Rationale: The return on assets uses operating profits divided by total assets.
You might also like to view...
On January 1 . Blalock Company as lessee signed a ten-year noncancelable lease for a machine with annual payments of $60,000 . The first payment was also made on January 1 . Blalock appropriately treated this transaction as a capital lease. The ten lease payments have a present value of $405,000 at January 1 . based on implicit interest of 1 . percent. For the first year, Blalock should record
interest expense of a. $0. b. $6,000. c. $34,500. d. $40,500.
List four types of financial institutions that you have made use of or might deal with in the future
What will be an ideal response?
What is a management system that enables organizations to clarify their vision and strategy and translate them into action?
A. The balanced scorecard. B. Kaplan and Nortan report. C. Business process. D. None of the above.
A junk bond is:
A) a low risk bond that pays high yields. B) a high-risk bond that pays low yields. C) a high-risk bond that pays high yields. D) a low risk bond that pays low yields.