9. Which of the following is a profitability ratio? A Accounts receivable turnover B. Debt ratio C. Dividend yield D. Return on total assets 10. Net sales are $200,000, cost of goods sold is $120.000. and act income is $60,000. What is the pront margin ratio? A. 30% B. 50% C. 60% D. 75% 11. Net sales are $150.000, net income is $60.000. and average total assets are $600,000. What is the return on total assets? A. 10% B. 25% C. 40% D. 60% 12. Earnings per share are $4, annual cash dividends per share are $2, and market price per common share is $48. What is the price-earnings ratio? A. 2 B. 4 C. 12 D. 24 13. Which of the following is considered a favorable change or trend? A. Decrease in inventory turnover B. Decrease in times interest earned C. Increase in debt ratio D. Increase in total asset turnover Chapter 14: Managerial Accounting Concepts and Principles of the following users