Question: last years return on on equity was 30%. This year the ROE has decreased by 20% even though the firms earnings equaled last years earnings.

last years return on on equity was 30%. This year the ROE has decreased by 20% even though the firms earnings equaled last years earnings. the firm has no preferred stock. what caused the decrease?

a. equity decreased by 10% b. equity increased by 50% c. equity increased by 10% d. equity increased by 50%

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