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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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Required information
[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 1,000 stores across the globe. The following was reported in a recent annual report:
\table[[CONSOLIDATED BALANCE SHEETS],[Current Year Prior Year,,],[ASSETS $ in millions),,],[Property and Equipment,$772,$717
1.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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