Which of the Following Statements Is True

question 84

Multiple Choice

Which of the following statements is true?

• A)A decrease in net income decreases both the net profit margin ratio and the total asset turnover ratio.
• B)An increase in average total assets results in a decrease in both the total asset turnover ratio and the net profit margin ratio.
• C)A decrease in average total assets results in an increase in the total asset turnover ratio and a decrease in the net profit margin ratio.
• D)An increase in net income increases both the net profit margin ratio and the return on assets ratio.

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Definitions:

Global Competition

The dynamic rivalry between companies from different countries in the global market, involving price, product quality, and customer service.

Social Institutions

Structures or mechanisms of social order and cooperation governing the behavior of a set of individuals within a given community.

Moral Standards

Principles concerning the distinction between right and wrong or good and bad behavior.

Tech IQ

The ability to use technology and to stay updated as technology continues to evolve.