If a firm's gross profit has declined substantially, this could be attributed to all but which of the following reasons? Gross profit analysis could be of value for all but which of the following? Total asset turnover measures Equity earnings can represent a problem in analyzing profitability because Which of the following is not a type of operating asset? Earnings based on percent of holdings by outside owners of consolidated subsidiaries are termed Net profit margin X total asset turnover measures Return on assets cannot rise under which circumstance? A reasons that equity earnings create a problem in analyzing profitability is because Which of the following ratios will usually have the highest percent? (ROI, ROTE, ROCE, ROTA, not enough info)

1. If a firm's gross profit has declined substantially, this could be attributed to all but which of the following reasons?

A selling price increase would increase the gross profit.

2. Gross profit analysis could be of value for all but which of the following?

It would not be feasible to estimate administrative expenses by using gross profit analysis.

3. Total asset turnover measures

the ability of the firm to generate sales through the use of assets.

4. Equity earnings can represent a problem in analyzing profitability because

equity earnings are not from operations.

5. Which of the following is not a type of operating asset?

Intangibles are not considered to be an operating asset

6. Earnings based on percent of holdings by outside owners of consolidated subsidiaries are termed

minority earnings.

7. Net profit margin X total asset turnover measures

DuPont return on assets

8. Return on assets cannot rise under which circumstance?

If net profit margin declines and the total asset turnover declines, then the return on assets cannot rise.

9. A reasons that equity earnings create a problem in analyzing profitability is because

equity earnings are usually less than the related cash flow.

10. Which of the following ratios will usually have the highest percent? (ROI, ROTE, ROCE, ROTA, not enough info)

ROE