The return on assets compares ________ to average total assets during the year
a. net operating income
b. net income
c. net sale
d. net cash flow
b
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Nice International originally issued 105,000 shares of common stock at a price of $22 per share
A year later, it distributed a 12% stock dividend to shareholders. At the time of the stock dividend, the share price had increased to $27 per share. Which of the following statements is true? A) Nice will record sales revenues of $277,200. B) Nice will record a loss of $63,000. C) Nice will record a gain of $63,000. D) Nice will record neither a gain nor a loss.
Which of the following statements is not true of prepaid cards?
A) Many fees may be associated with them. B) Some prepaid cards can be used to withdraw cash from ATM's. C) They can be useful in rebuilding an individual's credit record. D) They offer less protection against theft than standard credit cards.