help@plusacademics.org

[SOLVED]This year Andrews achieved an ROE of 18.6%. Suppose management takes measures that decrease Asset turnover (Sales/Total Assets)

This year Andrews achieved an ROE of 18.6%. Suppose management takes measures that decrease Asset turnover (Sales/Total Assets) next year. Assuming Sales, Profits, and financial leverage remain the same, what effect would you expect this action to have on Andrews's ROE?

Select : 1

Submit Answer

  •  Andrews ROE will remain the same
  •  Andrews ROE will increase
  •  Andrews ROE will decrease



honeyd


08-03-21 | 20:32:04

Andrews ROE will decrease

Login to answer this question!