Which of the following statements is true?Return on investment (ROI) equals margin multiplied by sales.When used in return on investment (ROI) calculations, turnover equals sales divided by average operating assets.An advantage of using ROI to evaluate performance is that it encourages the manager to reduce the investment in operating assets as well as increase net operating income.

Return on Investment (ROI) is a measure which is used to check the ability of the company, in…

Answered: Which of the following statements is…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter13: The Balanced Scorecard: Strategic-based Control

Section: Chapter Questions

Problem 19E: Which of the following objectives would likely be associated with the customer perspective of the...

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Which of the following statements is true?

Return on investment (ROI) equals margin multiplied by sales.
When used in return on investment (ROI) calculations, turnover equals sales divided by average operating assets.
An advantage of using ROI to evaluate performance is that it encourages the manager to reduce the investment in operating assets as well as increase net operating income.

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