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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

  1. 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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