LIFO FIFO Weighted Average None of the abov quick ratio inventory turnover days’ sales in receivables asset turnover(TCO D) Which inventory method reports the most up-to-date cost on the balance sheet? (Points : 5) Solution Answer: FIFO inventory method reports the most up-to-date cost on the balance sheet. Answer:A common ratio to measure profitability is the Asset Turnover ratio, The return on assets (ROA) (aka return on total assets, return on average assets) is one of the most widely used profitability ratios because it is related to both profit margin and asset turnover, and shows the rate of return for both creditors and investors of the company. ROA shows how well a company controls its costs and utilizes its resources..

1. LIFO
FIFO
Weighted Average
None of the abov
quick ratio
inventory turnover
days’ sales in receivables
asset turnover(TCO D) Which inventory method reports the most up-to-date cost on the
balance sheet? (Points : 5)
Solution
Answer: FIFO inventory method reports the most up-to-date cost on the balance sheet.
Answer:A common ratio to measure profitability is the Asset Turnover ratio,
The return on assets (ROA) (aka return on total assets, return on average assets) is one of the
most widely used profitability ratios because it is related to both profit margin and asset turnover,
and shows the rate of return for both creditors and investors of the company. ROA shows how
well a company controls its costs and utilizes its resources.