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Eleanor's Computers, Inc. has the following balance sheets and income statements for the years ending December 31, 2019, 2018, and 2017. 2019 2018 2017 2019

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Eleanor's Computers, Inc. has the following balance sheets and income statements for the years ending December 31, 2019, 2018, and 2017. 2019 2018 2017 2019 2018 2017 Cash $ 125,000 $ 52,506 $ 39,704 Revenue $ 1,500,000 $ 667,833 $ 650,000 Accounts receivable 275,000 109,781 106,849 Cost of goods sold 1,200.000 514,231 487,600 Inventories 325,000 131,854 116,071 Gross profit $ 300,000 $ 153,602 $ 162,500 Total current assets $ 725,000 $ 294,141 $ 262,624 Other operating expense 100,000 68,787 81,250 Net fixed assets 420,000 200,550 201,662 EBIT $ 200,000 $ 84,815 $ 81,250 Total assets $ 1,145,000 $ 494,691 $ 464,286 Interest expense 72,000 22.923 19,345 Pretax income $ 128,000 $ 61,892 $ 61,905 Accounts payable $ 150,000 $ 64,280 $ 55,290 Tax expense 51,200 21,848 22,286 Notes payable 225,000 69,212 61,432 Net income $ 76,800 $ 40,044 $ 39,619 Accrued liabilities 100,000 44,775 36,859 Total current liabilities $ 475,000 $ 178,267 $ 153,581 Long-term debt 400,000 123,224 121,276 Common stock 100,000 100,000 100,000 Retained earnings 170,000 93.200 89,429 Total liabilities & stk eq $ 1,145,000 $ 494,691 $ 464,286 Which of the following were the key factors driving the change in the company's return on equity from 2018 to 2019? a. The company's profitability, asset utilization, and financial leverage decreased. b. The firm's profitability decreased, but its asset utilization and financial leverage increased. O c. The firm's profitability and asset utilization increased, but its financial leverage decreased. Od. The firm's profitability and financial leverage increased, but its asset utilization decreased. e. The firm's profitability, asset utilization, and financial leverage increased

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