Harmeling Enterprises Experienced a Decline in Net Operating Profit After

question 34

Multiple Choice

Harmeling Enterprises experienced a decline in net operating profit after taxes (NOPAT) . Which of the following definitely cannot help explain this decline?

• A) Sales revenues decreased.
• B) Costs of goods sold increased.
• C) Depreciation increased.
• D) Interest expense increased.
• E) Taxes increased.