Which of the following is the most commonly used financial performance measure when evaluating an organization's performance?
A)Gross profit margin
B)Debt-to-equity ratio
C)Days sales outstanding ratio
D)Inventory turnover ratio
E)Return on investment

Question

Quizplus · Accepted Answer

Return on investment (ROI),an organization's net income before taxes divided by its total assets,is the most commonly used financial performance measure because it allows managers of one organization to compare performance with that of other organizations.

Which of the Following Is the Most Commonly Used Financial