On January 29, 1999, the Wall Street Journal reported: Sears, Roebuck & Co. is moving toward more

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On January 29, 1999, the Wall Street Journal reported: “Sears, Roebuck & Co. is moving toward more conservative accounting methods used by competing credit card issuers, which will boost its loan losses by about $200 million during the next 5 quarters.” What effect should this new policy have had on future return on net operating assets?

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