Multiple Choice
Chicago Ltd is a large retailer of hardware equipment that sells its products through a network of suburban stores. Shown below are the calculation of some of its key ratios for 2016 and 2015.
Which of the above ratios explains why ROA has decreased from 2015 to 2016?
A) Profit Margin
B) Asset Turnover
C) Current Ratio
D) Debt to Equity Ratio
Correct Answer:
Verified
Correct Answer:
Verified
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