Which of the following misstatements would cause the asset turnover ratio to be overstated?
A) Capitalizing costs that should have been expensed.
B) Failing to adjust for depreciation in the current period.
C) Failing to accrue income taxes of the current period.
D) Failing to accrue interest earned of the current period.

Question

Quizplus · Accepted Answer

The Answer of Which of the following misstatements would cause the asset turnover ratio to be overstated?
A) Capitalizing costs that should have been expensed.
B) Failing to adjust for depreciation in the current period.
C) Failing to accrue income taxes of the current period.
D) Failing to accrue interest earned of the current period.

Which of the Following Misstatements Would Cause the Asset Turnover