Question 2- Assume that Co. A elects to revalue its long-term assets under IFRS, What effect will this have on the following ratios in future periods: Briefly explain why. + Increase decrease or no change 1- Profit margin 2- Asset turnover 3- Return on assets 4- Return on equity 5- Debt ratio 6-Currebt ratio 7- Why would a company not be willing to elect the revaluation method?