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Which of the following is a true statement about the Du Pont equation? I. It is a mathematical identity. II. It provides a causal explanation

Which of the following is a true statement about the Du Pont equation?

I. It is a mathematical identity.

II. It provides a causal explanation for changes (or differences) in ROE.

III. It is used to analyze chemical companies.

Select one:

a. II only

b. I & II

c. I only

d. III only

e. II & III

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