Which statement is true regarding divisional performance?

- If a division's return on investment is less than imargin, then the division's sales are greater than its average

operating assets.

-A reduction in selling and administrative expenses increases a division's margin but does not increase its

return on investment if the division's turnover is less than one.

-If a division's return on investment is greater than its margin, then the division's sales are less than its average

operating assets.

-An increase in selling and administrative expenses will reduce a division's margin and its return on investment

even if the division's turnover is less than one.

-None of the above statements is true.