Disaggregation Financial Leverage Operations 
Harvard Business Review
MARCH 21, 2013
So it began disaggregating return on equity into three components. Return on equity (net income divided by equity) results from multiplying three key operating ratios: Profitability (net income over sales). Operating efficiency (sales over assets). Financial leverage (assets over equity).
Harvard Business Review
MARCH 21, 2013
So it began disaggregating return on equity into three components. Return on equity (net income divided by equity) results from multiplying three key operating ratios: Profitability (net income over sales). Operating efficiency (sales over assets). Financial leverage (assets over equity).
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