Question: b. Explain the difference between ROE and RNOA. c. Identify the circumstance where FLEV is negative and discuss the impact on ROE. d. Discuss two

 b. Explain the difference between ROE and RNOA. c. Identify the

b. Explain the difference between ROE and RNOA. c. Identify the circumstance where FLEV is negative and discuss the impact on ROE. d. Discuss two reasons why RNOA > ROA

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