On Page 357, problem # 7...I was under the impression that for Inv w. Associates, you do not factor a sub's assets or sales, so why would asset turnover change when you exclude the sub?
what am i missing?作者: thecfawannabe 时间: 2011-7-13 16:12
The question may be referring to Quick Ratio with CA and CL. In which case CA will down and the investment will be long term asset/investment. That's the way ive seen it tested作者: RepoToronto 时间: 2011-7-13 16:12
im sure im just confused, but i was under the impression that for associates, you always exclude assets anyway, and you just report your investment as a one line item...so still not sure why you have to remove these assets...
