Question: C11.3. Statewhether the following measures drive return on common equity (ROCE) positively, negatively, or depending on thecircumstances: a. Gross margin. b. Advertising expense ratio. c.
C11.3. Statewhether the following measures drive return on common equity (ROCE)
positively, negatively, or depending on thecircumstances:
a. Gross margin.
b. Advertising expense ratio.
c. Netborrowing cost.
d. Operating liability leverage.
e. Operating liability leverage spread.
f. Financial leverage.
g. Inventory turnover.
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