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A company's net operating assets for 2018 and 2019 are $23.0 million and $26.9 million, respectively. The industry average balance sheet accruals ratio is 6%

A company's net operating assets for 2018 and 2019 are $23.0 million and $26.9 million, respectively. The industry average balance sheet accruals ratio is 6% The company is likely to have: a. over-stated return on equity b. more accruals than the industry average c. balance sheet accruals ratio of 15.63% d. aggressive revenue accounting e. all of the above

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