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Incorrect Question 32 0/0.25 pts Below is selected financial information (in dollars) for Company A and Company B: Company A Company B 2020 2019 2020
Incorrect Question 32 0/0.25 pts Below is selected financial information (in dollars) for Company A and Company B: Company A Company B 2020 2019 2020 2019 Net Sales 338,000 315,000 598,000 601,000 Gross Profit 162,240 153,720 328,900 312,520 Operating Profit 96,000 90,000 186,000 190,000 Net Income 36,900 39,000 82,000 90,000 Current Assets 278,000 290,000 395,000 379,000 Current Liabilities 170,000 102,000 260,000 262,000 Total Assets 678,000 633,000 1,250,000 1,290,000 Which of the following is false when comparing Company A to Company B? Company B's higher asset turnover is driving their higher ROA Company B's higher profit margin is driving their higher ROA Company A's 2019 net profit margin is lower than Company B's 2019 net profit margin
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