Which of the following is used to calculate average assets for the return on assets calculation?
A) Average assets = (Beginning assets + Ending assets) × 2
B) Average assets = (Beginning assets - Ending assets) ÷ 2
C) Average assets = (Beginning assets + Ending assets) ÷ 2
D) Average assets = (Beginning assets - Ending assets) × 2
Correct Answer:
Verified
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