Question: 0.2 pts Which statement about ROE and PM is INCORRECT? ROE and PM are both higher than the industry average, which is better than the

0.2 pts Which statement about ROE and PM is INCORRECT? ROE and PM are both higher than the industry average, which is better than the industry. Since PM is better, the company doesn't need to focus on improving PM. The company could still increase ROE by increasing TATO and EM Increasing ROE indicates that the company is increasing profit relative to total common equity. Profit margin is calculated by dividing EBIT by Sales

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