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4. Zimt AG wrote down the value of inventory in 2007 and reversed the write-down in 2008. Compared to ratios calculated if the write-down had
4. Zimt AG wrote down the value of inventory in 2007 and reversed the write-down in 2008. Compared to ratios calculated if the write-down had never occurred, Zimt's reported 2007 Inventory in 2007 reduc A. Current ratio was too high value + GOGS increased B. Gross margin was too high C. Inventory turnover was too high
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