Listed below are five terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term placing the letter designating the term in the space provided.
a.Return on assets
b.Profit margin
c.Asset turnover
d.Impairment
e.Big bath
Phrases:
_____ Net sales divided by average total assets;which measures the sales per dollar of assets invested.
_____ Net income divided by net sales;indicates the earnings per dollar of sales.
_____ Net income divided by average total assets;measures the amount of net income generated for each dollar invested in assets.
_____ Recording all losses in one year to make a bad year even worse.
_____ Occurs when the future cash flows (future benefits)generated for a long-term asset fall below its book value (cost minus accumulated depreciation).

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The Answer of Listed below are five terms followed by a list of phrases that describe or characterize the terms.Match each phrase with the best term placing the letter designating the term in the space provided.
a.Return on assets
b.Profit margin
c.Asset turnover
d.Impairment
e.Big bath
Phrases:
_____ Net sales divided by average total assets;which measures the sales per dollar of assets invested.
_____ Net income divided by net sales;indicates the earnings per dollar of sales.
_____ Net income divided by average total assets;measures the amount of net income generated for each dollar invested in assets.
_____ Recording all losses in one year to make a bad year even worse.
_____ Occurs when the future cash flows (future benefits)generated for a long-term asset fall below its book value (cost minus accumulated depreciation).

Listed Below Are Five Terms Followed by a List of Phrases