Return on asset is a term often used to express income earned on capital invested in a business unit. A company’s return on asset increases if a. Sales increase by the same peso amount as expenses and total assets b. Sales remain the same and expenses are reduced by the same pace amount the total assets increase c. Sales decrease by the same peso amount the expenses increase d. Net profit margin on sales increases by the same percentage as total assets

Return on asset is a term often used to express income earned on capital invested in a business unit. A company’s return on asset increases if a. Sales increase by the same peso amount as expenses and total assets b. Sales remain the same and expenses are reduced by the same pace amount the total assets increase c. Sales decrease by the same peso amount the expenses increase d. Net profit margin on sales increases by the same percentage as total assets

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

Chapter7: Introduction To Financial Statement Analysis

Section: Chapter Questions

Problem 14E

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