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Return on Assets and Asset Turnover - Last year, the Miller Company reported a return...

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Accounting

Return on Assets and Asset Turnover - Last year, the Miller Company reported a return on assets of 15 percent an asset turnover of 1.6. In the current year, the company reported a return on assets of 19 percent but an asset turnover of only 1.2. If sales revenue remained unchanged from the last year to the current year, what would explain the two ratio results?

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