Business, 19.03.2020 21:30 keshan3000

This year Andrews achieved an ROE of 5.3%. Suppose next year the profit margin (Net Income/Sales) increases. 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 5.3%. Suppose next year the profit margin (Net Income/Sales) in...

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