: A firm with a low return on total assets can improve its return on equity, all else remaining the same, by 1.increasing its total asset turnover 2.decreasing its debt ratio 3.increasing its debt ratio 4.decreasing its total asset turnover 2-Up Towne Cleaners has taxable income of $ 48,900 and a tax rate of 21 percent . What is the change in retained earnings for the year ? pays A-$ 20,200 in b-. $ 18.942 c-. $ 19.948 d. $ 19,374 f- 518,131 3-Which of the following line items in a balance sheet is considered the most for making a financing decision ? A-current assets - b- long - term liabilities c-revenue d-cost of goods sold