Question: Bobcat Elevator reported financial statements indicate an increase in its return on assets, even though its net profit margin declined. This is due to an

Bobcat Elevator reported financial statements indicate an increase in its return on assets, even though its net profit margin declined. This is due to an

A. increase in gross profit margin

B. decrease in asset turnover

C. increase in the equity multiplier

D. increase in days receivables outstanding

E. increase in asset turnover

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