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JJ Corporation has a profit margin above the industry average, yet its ROA is equal to the industry average. Is this possible? a. No b.

JJ Corporation has a profit margin above the industry average, yet its ROA is equal to the industry average. Is this possible?

a. No

b. Yes, if JJs TOTAL ASSET TURNOVER is below the industry average

c. Yes, if JJ Corporation has no liabilities

d. Yes, if JJs EQUITY MULTIPLIER is below the industry average

e. Yes, it is possible, but b,c and d above are not the correct reason

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