The Fixed Asset Turnover Ratio Increases When Net Income Increases

question 23

True/False

The fixed asset turnover ratio increases when net income increases.

---

Definitions:

Anions

are negatively charged ions, which are atoms or molecules that have gained one or more electrons.

Compound

A substance made up of atoms of two or more different elements joined by chemical bonds.

Atoms

The basic units of matter consisting of a nucleus surrounded by electrons, forming the building blocks of all substances.

Element

A pure chemical substance consisting of one type of atom, distinguished by its atomic number.