Which of the following would most likely increase the accounting return to shareholders?
I. increasing the level of total assets, keeping everything else equal
II. increasing the equity multiplier
III. decreasing the cost of goods sold per unit
IV. decreasing the total asset turnover
A) II and III only
B) I and II only
C) I, II, and IV only
D) II, III, and IV only
E) I, II, III, and IV