Which of the following formulae is used to calculate average
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) × 2
B) Average total assets = (Beginning total assets – Ending total assets) × 2
C) Average total assets = (Beginning total assets – Ending total assets) / 2
D) Average total assets = (Beginning total assets + Ending total assets) / 2
ANSWER
D
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