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#1: Julia is a venture capitalist, and she is analyzing financial statements for Motor City, one of the portfolio companies in her VC firm. She

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\#1: Julia is a venture capitalist, and she is analyzing financial statements for Motor City, one of the portfolio companies in her VC firm. She noticed that the ROE (i.e., Return on Equity) of Motor City for 2020 and 2021 were the same. However, she noticed that Motor City's asset turnover increased significantly in 2021 (compared to 2020. If Motor City's total assets did not change between 2020 and 2021 (i.e, Motor City did not raise new equity or new debt in 2021), what can you infer about Motor City's net profit margin in 2021 (compared to 2020)? Provide your reasoning. [2 pts]

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