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Which Signal below may not be an indication of understatement of Expenses? a. Decrease in expense as a percentage of sales b. Higher asset-turnover ratio
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Which Signal below may not be an indication of understatement of Expenses?
a. Decrease in expense as a percentage of sales
b. Higher asset-turnover ratio than industry average
c. Increase in deferred costs or prepaid expenses as a percentage of total assets
d. Decrease in current liabilities as a percentage of current assets or of sales
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