All other things being equal,an increase in sales price would increase
A)asset turnover.
B)profit margin.
C)residual income.
D)all of the above.

Name: All other things being equal,an increase in sales price would increase A)asset turnover. B)profit margin. C)residual income. D)all of the above.
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Question

Quizplus · Accepted Answer

An increase in sales price would increase profit margin and residual income. It would also increase asset turnover, as the same assets would be generating more revenue.

All Other Things Being Equal,an Increase in Sales Price Would