11) Decrease in effective tax rate 1. Decrease in treasury retention 12 )Reduction in cost of product sold 2. No impact on recurring NICO 13) Reduction in research and development 3. Decrease asset turnover 14) Significant capital expenditures 4. Increased financial leverage 15) Loss of a lawsuit 5. Decreased gross profit margin 16 ) increase in borrowing 6. Increased gross profit margin 17) Reduction in price of product sold 7. Improved operating retention 18) loss on retirement of debt 8. Decrease in asset turnover 19) discontinued operations 9. Increased profit margin 20) Temporary shut down for coronavirus 10. Decreased operating margin