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Homework answers / question archive / If sales and expenses both rise by P100,000, profit margin will decrease and asset turnover will decrease

If sales and expenses both rise by P100,000, profit margin will decrease and asset turnover will decrease

Finance

If sales and expenses both rise by P100,000, profit margin will

    1. decrease and asset turnover will decrease.
    2. increase and asset turnover will decrease.
    3. decrease and asset turnover will increase.
    4. increase and asset turnover will increase.

 

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Answer: c . decrease and asset turnover will increase .

The income statements reports the income earned and expenses incurred during a period of time and the resultant of income statement is net profit .

Net income is reported at the very bottom of the income statement.

 

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