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Assume Coke and Pepsi both have the same ROA of 13.2%. If Pepsi has more operating liabilities than Coke (as a percentage of assets), which

Assume Coke and Pepsi both have the same ROA of 13.2%. If Pepsi has more operating liabilities than Coke (as a percentage of assets), which of the following will be true?

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Pepsi will have a higher RONA than Coke

Pepsi will have a lower RONA than Coke

Pepsi and Coke will have the same RNOA

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