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16. Which of the following statements does NOT describe the strategic profit model? A. It indicates the impacts of factors affecting a firm's ROA B.

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16. Which of the following statements does NOT describe the strategic profit model? A. It indicates the impacts of factors affecting a firm's ROA B. It is a method for summarizing the factors that affect a firm's financial performance. C. It llustrates the different approaches for achieving a high ROA D. It suggests profit management path and asset management path E. It decomposes ROA into gross profit and operating expenses. 17. John wanted to know what the net sales and the net profit after tax were last year for his nephew's business the Better Coffee Shop. John should look at the store's: A. balance sheet B. income statement C. financial leverage statements D. strategic profit model E. profitability statement

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