Before computing ROA, analysts may adjust a company's reported earnings and asset figures. Which of the following is NOT one of the broad categories of adjustments?

Adjustments for aligning reported earnings with market expectations to provide a clearer picture of financial performance.

Adjustments for isolating a company's sustainable profits by removing nonrecurring items.

Adjustments for distortions related to accounting quality concerns, such as LIFO liquidations.

Adjustments for eliminating after$-$tax interest expense from the profit calculation to ensure profitability comparisons are not affected by differences in financial structure.

When calculating current ratio, which of the following should be excluded from current assets:

Receivables

Equipment

Inventories

Treasury bills

When calculating current ratio, which of the following should be excluded from current assets:

Receivables

Equipment

Inventories

Treasury bills