Net income divided by average total assets is:Multiple ChoiceProfit margin.Total asset turnover.Current ratio.Days' income in assets.Return on total assets.
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Solution 1
The answer is "Return on total assets." This ratio is used to measure the profitability of a company relative to its total assets, indicating how efficiently a company is using its assets to generate earnings. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem. Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to sol
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