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! Required information [ The following information applies to the questions displayed below. ] Fausett Electronics, Incorporated, headquartered in Richfield, Minnesota, is one of the
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The following information applies to the questions displayed below.
Fausett Electronics, Incorporated, headquartered in Richfield, Minnesota, is one of the leading consumer electronics retailers, operating more than stores across the globe. The following was reported in a recent annual report:
tableCONSOLIDATED BALANCE SHEETSCurrent Year Prior Year,,ASSETS $ in millionsProperty and Equipment,$$
assuming that fausett electronics failed to record depreciation during the current year indicate the effect of the error ie over or understated on the following ratios
A earnings per share
B fixed asset turnover
C current ratio
D return on assets
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