The analyst turned on his banker's lamp, adjusted his eye shade, and slowly pulled a legal pad from his desk. His weathered hands punched the buttons on his desk calculator deliberately as he divided earnings by total assets in order to calculate:
A) return on assets.
B) cost of goods sold.
C) merchandise inventory.
D) profit margin.
Answer: A
Business
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A) matching principle B) revenue recognition principle C) time period concept D) adjusting entry principle
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Price discrimination in all forms is illegal in the United States
Indicate whether the statement is true or false
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