Indicate whether each of the following statements is true or false.Margin is calculated by dividing operating income by net income. ______Turnover is a measure of the profits generated from sales. ______Return on investment can be improved by increasing sales, decreasing expenses, or decreasing the asset base. ______If return on investment increases when sales increase, that change usually is due at least in part to the effect of fixed costs (operating leverage). ______Return on investment blends many aspects of managerial performance into a single ratio. ______
What will be an ideal response?
Margin is calculated by dividing operating income by net income. F
Turnover is a measure of the profits generated from sales. F
Return on investment can be improved by increasing sales, decreasing expenses, or decreasing the asset base. T
If return on investment increases when sales increase, that change usually is due at least in part to the effect of fixed costs (operating leverage). T
Return on investment blends many aspects of managerial performance into a single ratio. T
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Fill in the blank(s) with the appropriate word(s).
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