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Last year Central Chemicals had sales of $ 2 7 5 , 0 0 0 , assets of $ 1 2 7 , 5 0
Last year Central Chemicals had sales of $ assets of $ a profit margin of and an equity multiplier of The CFO believes that the company could reduce its assets by $ without affecting either sales or costs. Had it reduced its assets in this amount, and had the debttoassets ratio, sales, and costs remained constant, by how much would the ROE have changed? Select the correct answer. a b c d e
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