Multiple Choice
Which of the following statements is false?
A) A decrease in the total asset turnover ratio results in a decrease in the return on assets ratio.
B) An increase in average total assets results in a decrease in both the total asset turnover ratio and return on assets ratio.
C) A decrease in the total asset turnover ratio results in a decrease in the net profit margin ratio.
D) An increase in the net profit margin ratio results in an increase in the return on assets ratio.
Correct Answer:

Verified
Correct Answer:
Verified
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