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This year Andrews achieved an ROE of 12.6%. Suppose next yearthe profit margin (Net Income/Sales) increases. Assuming sales,assets and financial leverage remain the same next
This year Andrews achieved an ROE of 12.6%. Suppose next yearthe profit margin (Net Income/Sales) increases. Assuming sales,assets and financial leverage remain the same next year, whateffect would 2 answers
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
