Question: The latest return on equity (ROE), return on sales (ROS), and total asset turnover (TATO) of CBRE Ltd. are as follows: 2018 2019 2020 ROE

The latest return on equity (ROE), return on sales (ROS), and total asset turnover (TATO) of CBRE Ltd. are as follows: 2018 2019 2020 ROE 22% 16% 6% TATO 2.0 1.6 1.0 ROS 5% 4% 2% Based on the above information from 2018 to 2020, we can conclude that the financial leverage (FL) of CBRE Ltd.:

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