Question: The return on net worth (RONW) ratio is based on a retailer's ________. a. gross margin and operating costs as a percent of sales b.

The return on net worth (RONW) ratio is based on a retailer's ________. 


a. gross margin and operating costs as a percent of sales 


b. net profit margin and asset turnover 


c. net profit margin and financial leverage 


d. net profit margin, asset turnover, and financial leverage 


e. gross margin, return on assets and operating leverage

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