Net income divided by average total assets is:Multiple ChoiceProfit margin.Total asset turnover.Current ratio.Days' income in assets.Return on total assets.
Question
Solution 1
To determine what "Net income divided by average total assets" represents, we can analyze each option provided in the multiple-choice question:
- Profit margin: This ratio measures how much of every dollar earned translates into profits, calculated as Net Income divided by Revenue. It does not Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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Knowee AI is a powerful AI-powered study tool designed to help you to solve study problem.
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