Net income is needed to calculate all of the following ratios,except
A) return on assets.
B) profit margin.
C) return on equity.
D) asset turnover.

Question

Quizplus · Accepted Answer

Asset turnover can be calculated using total revenue divided by average assets, without the need for net income. However, return on assets, profit margin, and return on equity all require net income as a component in their calculations.

Net Income Is Needed to Calculate All of the Following