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The only difference between Joe's and Moe's is that Joe's has old, fully depreciated equipment. Moe's just purchased all new equipment that will be depreciated over 8 years. Assuming all else equal,A) Joe's will have a lower profit margin.B) Joe's will have a lower return on equity.C) Moe's will have a higher net income.D) Moe's will have a lower profit margin.E) Moe's will have a higher return on assets.
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