Question: Assume Castillo Corp. increases its operating efficiency such that costs decrease while sales remain constant. As a result, given all else constant, the Multiple Choice

Assume Castillo Corp. increases its operating efficiency such that costs decrease while sales remain constant. As a result, given all else constant, the

Multiple Choice

equity multiplier will decrease.

profit margin will decline.

return on equity will increase.

total asset turnover will increase.

return on assets will decrease.

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