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    Corporate Finance Study Set 3
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    Exam 2: Introduction to Financial Statement Analysis
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    Suppose Novak Company Experienced a Reduction in Its ROE Over
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Suppose Novak Company Experienced a Reduction in Its ROE Over

Question 27

Question 27

Multiple Choice

Suppose Novak Company experienced a reduction in its ROE over the last year.This fall could be attributed to:


A) an increase in net profit margin.
B) a decrease in asset turnover.
C) an increase in leverage.
D) a decrease in Equity.

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