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Which of the following statements is true? A. An increase in average total assets results in a decrease in both the asset turnover ratio and
Which of the following statements is true?
A. | An increase in average total assets results in a decrease in both the asset turnover ratio and the net profit margin ratio. |
B. | A decrease in net income decreases both the net profit margin ratio and the asset turnover ratio. |
C. | An increase in net income increases both the net profit margin ratio and the return on assets ratio. |
D. | A decrease in average total assets results in an increase in the asset turnover ratio and a decrease in the net profit margin ratio. |
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