Question
Last year a Vancouver firm had a profit margin of 7%. This year the profit margin is 6%. 12) Sales remained constant. Which one of
Last year a Vancouver firm had a profit margin of 7%. This year the profit margin is 6%. 12) Sales remained constant. Which one of the following statements is correct based on this information? A) The net income increased. B) The return on assets declined. C) The price earnings ratio decreased. D) The interval measure decreased. E) The return on equity increased.
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Equity Valuation And Portfolio Management
Authors: Frank J. Fabozzi, Harry M. Markowitz
1st Edition
047092991X, 9780470929919
