Question
You are reading the 2013 annual report of WRT Corporation and you find the following items in its footnotes. The expected rate of return on
You are reading the 2013 annual report of WRT Corporation and you find the following items in its footnotes.
The expected rate of return on plan assets has been increased to 10% from 8%. Required: Determine the effect (higher, lower, or unchanged) of the change on the ratios listed below for the year 2013: a. Debt-to-equity b. Return on assets c. Cash Flow from operations
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Auditing The Art and Science of Assurance Engagements
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones
14th Canadian edition
134613112, 134835018, 9780134885254 , 978-0134613116
