Required information (The following information applies to the questions displayed below.] Fausett Electronics, Inc., 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: Prior Year CONSOLIDATED BALANCE SHEETS ($ in millions) Current Year ASSETS Property and Equipment Land and buildings $ 761 Leasehold improvements 2,026 Fixtures and equipment Property under capital lease 116 6,981 Less accumulated depreciation 2,769 Net property and equipment 4,212 $ 723 1,746 4,078 3,055 55 5,579 2,291 3,288 2. Assume that Fausett Electronics failed to record depreciation during the current year. Indicate the effect of the error (i.e., overstated or understated) on the following ratios: (Select "NE" if there is no effect.) a. Earnings per share. b Fixed asset turnover, C. Current ratio, d. Return on assets