What must have caused the firm's ROE to drop The firm began using more debt as a percentage of financing The firm began using less debt as a percentage of financing The compound leverage ratio was less than 1 The operating ROA was declining

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What must have caused the firm's ROE to drop? The firm began using more debt as a percentage of financing. The firm began using less

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What must have caused the firm's ROE to drop?

		The firm began using more debt as a percentage of financing.
		The firm began using less debt as a percentage of financing.
		The compound leverage ratio was less than 1.
		The operating ROA was declining.

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