Question
If a firm is successful in acquiring several large buildings at the end of the year, what is the effect on the Asset Turnover ratio?
If a firm is successful in acquiring several large buildings at the end of the year, what is the effect on the Asset Turnover ratio?
| A. | The ratio will not change | |
| B. | The ratio will increase | |
| C. | The ratio will decrease | |
| D. | This ratio does not account for any purchase/acquisition of large buildings. |
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Auditing Principles
Authors: Howard F. Stettler
3rd Edition
0130521183, 9780130521187
