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During the last year, a company spent $ 5 million in R&D expenditure and fully recognized this as operating expense. The company has been increasing
During the last year, a company spent $ million in R&D expenditure and fully recognized this as operating expense. The company has been increasing its R&D investment over the last few years. If this R&D expenditure was to be capitalized, what will likely be the effects on asset turnover using the average balance in the balance sheet and operating profit margin?
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