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What would explain the return on assets ratio result

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Reference no: EM133006502

Return on Assets and Asset Turnover

Problem 1: Last year, the Miller company reported a return on assets of 15% and an asset turnover of 1.6. In the current year, the company reported a return on assets of 19% but an asset turnover of only 1.2. If sales revenue remained unchanged from last year to the current year, what would explain the two ratio results?

Reference no: EM133006502

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