Finacial Accounting

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Callaway Golf’s return on equity (ROE) was 11.4% in 2001 and 13.1% in 2002. The increase in this ratio could be caused by which of the following?
Answer
A.
An increase in net profit margin.
B.
A decrease in the asset turnover ratio.
C.
An increase in the relative portion of stockholders’ eq…




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