Net income divided by average total assets is:Multiple ChoiceProfit margin.Total asset turnover.Current ratio.Days' income in assets.Return on total assets.

To determine what "Net income divided by average total assets" represents, we can analyze each option provided in the multiple-choice question:

1. Profit margin: This ratio measures how much of every dollar earned translates into profits, calculated as Net Income divided by Revenue. It does not involve assets.

2. Total asset turnover: This indicates how efficiently a company utilizes its assets to generate sales, generally calculated as Sales divided by Average Total Assets. It is not what we're looking for.

3. Current ratio: This is a measure of liquidity and calculates the ratio of current assets to current liabilities. It does not involve net income.

4. Days' income in assets: This refers to how many days of income is generated from the total assets, which is not directly calculated from net income divided by average total assets.

5. Return on total assets (ROA): This ratio assesses how efficiently a company is using its assets to generate earnings, calculated as Net Income divided by Average Total Assets.

Final Answer

The correct answer is Return on total assets.