In 2016, the Improvement in ABC's Return on Equity Occurred

Multiple Choice

In 2016, the improvement in ABC's return on equity occurred because

A) ABC used more debt than in 1994.
B) ABC lowered its expenses in 1995 and was, therefore, more profitable.
C) ABC utilized its total assets more efficiently in 1995.
D) None of the above explain the improvement in ABC's return on equity.