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See the following data from the financial statements of a firm in 2017 and 2018: 2017 Measure/Year ROCE 12.25% RNOA 15.25% NBC 3.25% Average NFO
See the following data from the financial statements of a firm in 2017 and 2018: 2017 Measure/Year ROCE 12.25% RNOA 15.25% NBC 3.25% Average NFO (in millions) $600 Average CSE (in millions) $4,200 How much of the change in ROCE was due to the change in leverage? O a. 4.14% O b.-0.14% O c. -1.75% O d. 1.75% Oe. none of the above 2018 14.50% 13.50% 2.5% $2,600 $5,000 See the following data from the financial statements of a firm in 2017 and 2018: 2017 Measure/Year ROCE 12.25% RNOA 15.25% NBC 3.25% Average NFO (in millions) $600 Average CSE (in millions) $4,200 How much of the change in ROCE was due to the change in leverage? O a. 4.14% O b.-0.14% O c. -1.75% O d. 1.75% Oe. none of the above 2018 14.50% 13.50% 2.5% $2,600 $5,000
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