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Helen Horn is an analyst based in Johannesburg, South Africa. She compiles the following data for Mondi Limited, a multinational packaging and paper group:FY 1

Helen Horn is an analyst based in Johannesburg, South Africa. She compiles the following data for Mondi Limited, a multinational packaging and paper group:FY13FY14FY15ROE19.8%20.0%22.0%Return on total assets8.1%8.0%7.9%Total asset turnover2.02.02.1Based only on the information above, the most appropriate conclusion is that, over the period FY13 to FY15, Mondis __________.Question 11 Select one:A.net profit margin and financial leverage have decreased.B.net profit margin and financial leverage have increased.C.net profit margin has decreased but its financial leverage has increased.D.net profit margin has increased but its financial leverage has decreased

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