Return on assets is defined as:

A) Sales divided by net fixed assets.
B) EBIT divided by net fixed assets.
C) Net income divided by net fixed assets.
D) EBIT divided by total assets.
E) Net income divided by total assets.

Return on Assets

is a financial ratio that measures how profitably a company can utilize its assets to generate earnings.

EBIT

Earnings Before Interest and Taxes; a measure of a firm's profitability that excludes interest and income tax expenses.

Net Income

The total earnings of a company after deducting all expenses from its total revenue, often referred to as the bottom line.