Question: Lancaster Co. and York Co. both have the same return on assets (ROA). However, Lancaster has a higher total assets turnover and a higher equity

Lancaster Co. and York Co. both have the same return on assets (ROA). However, Lancaster has a higher total assets turnover and a higher equity multiplier than York. Which of the following statements is most correct?

Lancaster has a lower profit margin than York.

Lancaster has a lower debt ratio than York.

Lancaster has a higher return on equity (ROE) than York.

Statements a and c are correct.

All of the statements above are correct.

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