Indicate Whether Each of the Following Statements About Return on Investment

Indicate whether each of the following statements about return on investment is true or false.
Return on investment for a division is calculated by dividing net income by total assets.______
Using book value as the valuation base for calculating return on investment can distort ROI and cause motivational problems among managers.______
Accounts receivable are not included in operating assets for the purpose of calculating return on investment.______
Return on investment could be calculated based on historical cost or replacement cost for a division's assets.______
Return on investment can be calculated by multiplying margin by turnover.______