Financial and Management Accounting

1: With regard to the rate of return on investment (ROI), which of the following statements is not valid?
A.
It is an overall indicator of the profitability of an enterprise.
B.
It is a triangular relationship in the sense that ROI = Profit margin x Asset turnover
C.
It is a superior measure compared to the cash flow generated per share.
D.

It was first developed by Du Pont, USA

 

Answer : C

Explanation :

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Option: A

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