NO.PZ2023040501000136
问题如下：
Quentin Abay, CFA, is an analyst for a private equity firm interested in purchasing Bickchip Enterprises, a conglomerate. His first task is to determine the trends in ROE and the main drivers of the trends using DuPont analysis. To do so he gathers the data in Exhibit 1.
After conducting the DuPont analysis, Abay believes that his firm could increase the ROE without operational changes. Based on the DuPont analysis, Abay’s belief regarding ROE is most likely based on:
选项：
A.
leverage.
B.
profit margins.
C.
asset turnover.
解释：
The DuPont analysis shows that profit margins and asset turnover have both increased over the last three years, but leverage has declined. The reduction in leverage offsets a portion of the improvement in profitability and turnover. Thus, ROE would have been higher if leverage had not decreased.
leverage是optional changes的操作吗？算是运营相关的指标吗？还是更偏融资
