Question: Break down the return on equity (ROE) of the two firms below using a DuPont analysis. Which of the following statements is correct? a) Firm

Break down the return on equity (ROE) of the two firms below using a DuPont analysis. Which of the following statements is correct? a) Firm Z's operations are less profitable. b) Firm Y has a higher return on equity. c) Firm Z does a worse job of converting assets into sales. d) Firm Y relies more on debt
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