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  3. which of the following statements is true? all o

Which of the following statements is true? All other things the same, if...

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Accounting

Which of the following statements is true?
All other things the same, if a company uses long-term debt to purchase land to develop in the future, the companys return on total assets will decrease.
If a retailer sells a product whose contribution margin equals the gross margin percentage, the gross margin percentage will be unaffected by the transaction.
Multiple Choice
Only statement I is true.
Only statement II is true.
Both statements are true.
Neither statement is true.

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