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Business, 26.06.2020 15:01 JoeyJo6704

This year Andrews achieved an ROE of 10.8%. Suppose next year the profit margin (Net Income/Sales) decreases. Assuming sales, assets and financial leverage remain the same next year, what effect would you expect this action to have on Andrews's ROE

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This year Andrews achieved an ROE of 10.8%. Suppose next year the profit margin (Net Income/Sales) d...
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