When you use a common size analysis to compare Year $4$ to Year a reasonable conclusion you might draw?

The firm liquidated some of its inventory

The firm made additional investments in fixed assets

Intangibles grew as a percent of assets

When you compare a common size balance sheet from Year $4$ to Yd following is most accurate?

Total liabilities are growing as a percent of total assets

LTD is decreasing in importance as a source of financing for the fil

Total equity is rising as a percentage of total liabilities and equity

When you compare Year $4$ to Year $3,$ which of the following acted to

Profit margin

Total Asset Turnover

Financial Leverage

When you compare Year $4$ to Year $3,$ which of the following did NOT profit margin?

Tax effect

Effect of nonoperating items

Operating profit margin

Why did ROE increase in Year $4$ versus Year $3?$

The profit margin improved

The firm became more leveraged

The ROA improved