Question: If ROA increases and profit margin is constant, then which of the following must have increased? ROE. Gross margin ratio. Asset turnover. d.Inventory turnover. e.Debt

If ROA increases and profit margin is constant, then which of the following must have increased?

  1. ROE.
  2. Gross margin ratio.
  3. Asset turnover.

d.Inventory turnover.

e.Debt to assets ratio.

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