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QUESTION

Excess level of which of the following balance sheet items can lead to lower level of ROE?

Excess level of which of the following balance sheet items can lead to lower level of ROE? 

I. Goodwill

II. Account Receivables 

III. Cash 

IV. Inventory

a. III only

b. I, II, III and IV

c. I only

d. IV only

e. II and III only

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