An analyst has calculated the following information for Company A. Operating profit is 15,000 EUR, investment income is 0 EUR, business assets 125,000 EUR, interest expense 8,000 EUR, total debt is 100,000 EUR and tax rate is 25%. Which of the following statements about the alternative return on equity (RoE) decomposition is not correct?

A) Company A's return on business assets is 9%

B) Company A's spread is 3%, so analysts should not be concerned about a possibly detrimental effect of A's.

C) Company A's RoE is 28%

D) Company A's financial leverage gain of 12% is the main source of its RoE of 21%