I think you might have left out the choices to choose from.
The statement, return on assets is computed as net income divided by total assets, is true.
Return on assets (ROA) is a profitability ratio, which measures that how efficiently a company uses the assets it owns to generate profits. If a company wants increase the return on assets then the company tries to increase the profit margin.
So the return on asset of a company is computed by dividing the net income earned by the company by average total assets employed by the company. Thus, it measures how much percentage of profit the company is generating in respect to its assets.
Hence, the higher the percentage of return on assets, the better it is.
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Answer:
Quality Control
Explanation:
The Quality control includes review each phase of the project and assessing whether the company has delivered its fair share according to the contract clauses and its implied duties. The quality controlers have a set of checks which provide sufficient evidence whether or not the relevant quality standards are met or not.
Answer:
66.7%
Explanation:
Given that,
Design capacity = 6 furnaces per day
Effective capacity = 5 furnaces per day
Efficiency ratio if it repairs an average of 4 furnaces per day:
= (Actual capacity ÷ Possible capacity) × 100
= (4 per day ÷ 6 per day) × 100
= 0.667 × 100
= 66.7%
Therefore, the efficiency ratio is 66.7 percent.
