Question: PLEASE EXPLAIN STEP BY STEP :) An analyst compiles the following data for a company: FY13 FY14 FY15 ROE 19.8% 20.0% 22.0% Return on total

PLEASE EXPLAIN STEP BY STEP :)

An analyst compiles the following data for a company:

FY13 FY14 FY15
ROE 19.8% 20.0% 22.0%
Return on total assets 8.1% 8.0% 7.9%
Total asset turnover 2.0 2.0 2.1

Based only on the information above, the most appropriate conclusion is that, over the period FY13 to FY15, the company's:

net profit margin and financial leverage have decreased.

net profit margin and financial leverage have increased.

net profit margin has decreased but its financial leverage has increased.

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