if XYZ Corp succeeds in reducing its selling, general, & administrative expenses while maintaining all other expenses, revenues and assets the same, all of the following financial ratios would automatically increase, EXCEPT:

If XYZ Corp succeeds in reducing its selling, general, & administrative expenses while maintaining all other expenses, revenues and assets the same, all of the following financial ratios would automatically increase, EXCEPT O Profit margin O Total asset turnover O Return on assets O Return on equity