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The Table Below Shows Some Data for Key Biscuit Company

Question 31

Multiple Choice

The table below shows some data for Key Biscuit Company:
The table below shows some data for Key Biscuit Company: What must have caused the firm's ROE to drop? A) The firm began using more debt as a percentage of financing. B) The firm began using less debt as a percentage of financing. C) The compound leverage ratio was less than 1. D) The operating ROA was declining.
What must have caused the firm's ROE to drop?


A) The firm began using more debt as a percentage of financing.
B) The firm began using less debt as a percentage of financing.
C) The compound leverage ratio was less than 1.
D) The operating ROA was declining.

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