Select the Correct Statement from the Following

question 183

Multiple Choice

Select the correct statement from the following:

• A)Profit margin reflects a company's ability to produce net sales from total assets.
• B)Total asset turnover reflects the percent of net income in each dollar of net sales.
• C)Return on total assets can be separated into the gross margin ratio and debt ratio.
• D)A high return on total assets is desirable.
• E)Analysis of return on total assets is not beneficial in evaluating profitability.

---

Definitions:

Mastectomy

A surgical operation to remove one or both breasts, partially or completely, often to treat or prevent breast cancer.

Extramarital Affair

A romantic relationship one engages in outside of their marriage without the consent of their spouse.

Crisis Assessment

A process of evaluating the severity and nature of a crisis to determine the appropriate level of intervention needed.