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 K. In milions) Current Year ASSETS Property and Equipment Land and buildings 5 761 Leasehold provenients 2.026 Fixtures and equipment 4,073 Property under capital lease 116 6,901 Less accumulated deprecation 2.769 fet property and equipment 4,211 $ 223 1.246 3,055 5.579 2291 3.200 2. Assume that Fausert Electronics failed to record depreciation during the current year indicate the effect of the error de overstated or understated) on the following ratios (Select "NE" If there is no effect.) a Earnings per share b. Fixed asset turnover Current ratio d Return on assets