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Other Things Held Constant,if a Firm Holds Cash Balances in Excess

Question 78

Multiple Choice

Other things held constant,if a firm holds cash balances in excess of their optimal level in a non-interest bearing account,this will tend to lower the firm's


A) Operating profit margin.
B) Total asset turnover.
C) Return on equity.
D) All of the above.
E) Answers b and c above.

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