[SOLVED]This year Andrews achieved an ROE of 19.9%. Suppose next year the profit margin (Net Income/Sales)
This year Andrews achieved an ROE of 19.9%. 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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- Andrews ROE will remain the same.
- Andrews ROE will increase.
- Andrews ROE will decrease.
