Which one of the following is not true concerning return on net operating assets? Select one: o A. An infinite number of combinations of net operating profit margin and net operating asset turnover will yield a given RNOA O B. When comparing companies in different industries, a higher profit margin always indicates which company has better management performance C. In industries with relatively low operating asset turnover, a higher profit margin must be maintained to achieve sufficient RNOA o D. When analyzing conglomerates, analysts use a weighted average of margin and turnover rates to look at RNOA
