Multiple Choice
The T-shirt Hut successfully managed to reduce its general and administrative costs this year.This cost improvement will increase which of the following ratios?
I.Profit margin
II.Return on assets
III.Total asset turnover
IV.Return on equity
A) I and II only
B) I and III only
C) II, III, and IV only
D) I, II, and IV only
E) I, II, III, and IV
Correct Answer:
Verified
Correct Answer:
Verified
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