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Last year, the Miller Company reported a return on assets of 15 percent and an asset turnover of 1.6. In the current year, the company

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Last year, the Miller Company reported a return on assets of 15 percent and an asset turnover of 1.6. In the current year, the company reported a return an assets of 19 percent but an asset turnover of only 1.2. If sales revenue remained unchanged from last year to the current year, what would explain the two ratio results? An increase in total assets and an increase in net income A decrease in total assets and an increase in net income A decrease in total assets and a decrease in net income An increase in total assets and a decrease in net income

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