Question: If a firm's ROE declined while its ROA remained constant, which of the following would explain what happened? Question 7 options: The firm's total asset

If a firm's ROE declined while its ROA remained constant, which of the following would explain what happened? Question 7 options:

The firm's total asset turnover and profit margin decreased

The firm's debt ratio increased and equity multiplier increased

The firm's debt ratio decreased and equity multiplier decreased

The firm's total asset turnover increased and profit margin decreased

The firm's debt ratio increased and total asset turnover increased

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