Question: A B D E F G H J K L M z (9 points) Grove Co. has the following ratios compared to its industry for

 A B D E F G H J K L M

A B D E F G H J K L M z (9 points) Grove Co. has the following ratios compared to its industry for 2020. Please use Du Pont system of analysis to explain why Grove's return-on-equity ratio is so much more favorable than the industry while its profit margin and debt/asset are lower compared to the industry. 9 Grove Industry 7% Profit Margin Return on Equity Debt/Asset 5% 22% 25% 16% 40%

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