The rate of return on total assets measures a company's a. ability to meet its short-term obligations b. success in using assets to earn income c. ability to repay its long-term debt d. success in earning high returns on investments in stocks and bonds of other companies

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above