Which of the following statements is incorrect? O a. Return on equity is equal to total equity divided by net income. ob. Return on equity is equal to the return on assets multiplied by the equity multiplier. O. Return on equity is equal to the equity multiplier multiplied by the total asset turnover multiplied b O d. The equity multiplier is equal to 1 plus the debt-equity ratio. e. The difference between the asset multiplier and liability multiplier equals the equity multiplier. QUESTION 30 If a firm decreases its operating costs, all else constant, then: Click Save and Submit to save and submit. Click Save All Answers to save all answers. W O Type here to search U hD