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This year Andrews achieved an ROE of 16.7%. Suppose the Board of Directors of Andrews...

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Accounting

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This year Andrews achieved an ROE of 16.7%. Suppose the Board of Directors of Andrews mandates that management take measures to decrease financial Leverage (Assets/Equity) next year. Assuming Sales, Profits, and Assets remain the same next year, what effect would you expect this new Leverage policy will have on Andrews's ROE? Select: 1 Save Answer Andrews ROE will increase Andrews ROE will decrease Andrews ROE will remain the same

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