Select the Correct Statement from the Following

Multiple Choice

Select the correct statement from the following:

A) Total asset turnover reflects the percent of net income in each dollar of net sales.
B) Return on total assets analysis is beneficial in evaluating a company but is not useful for competitor analysis.
C) High returns on total assets are desirable.
D) Profit margin reflects a company's ability to produce net sales from total assets.
E) Return on total assets can be separated into gross margin ratio and price-earnings ratio.