Which of the following formulae is used to calculate average total assets for the return on assets ratio?
A) Average total assets = (Beginning total assets + Ending total assets) x 2
B) Average total assets = (Beginning total assets - Ending total assets) x 2
C) Average total assets = (Beginning total assets - Ending total assets) / 2
D) Average total assets = (Beginning total assets + Ending total assets) / 2
D
Business
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a. true b. false
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Which of the following is NOT an example of a business service?
A) security B) insurance C) legal advice D) raw material supply E) cleaning
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