Question: Find true statement(s): I. When calculating return on total equity, it is normal to add back preferred dividends to net income. II. If a company

Find true statement(s): I. When calculating return on total equity, it is normal to add back preferred dividends to net income. II. If a company increases its operating leverage, then its break-even sales will decrease, all other things equal. a. I only b. II only c. Both I and II d. Neither is true

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