Indicate Whether Each of the Following Statements Is True or False

Short Answer

Indicate whether each of the following statements is true or false.
Margin is calculated by dividing operating income by net income.______
Turnover is a measure of the profits generated from sales.______
Return on investment can be improved by increasing sales,decreasing expenses,or decreasing the asset base.______
If return on investment increases when sales increase,that change usually is due at least in part to the effect of fixed costs (operating leverage).______
Return on investment blends many aspects of managerial performance into a single ratio.______