Q24. Assume U.S.GAAP (generally accepted accounting principles) applies unless otherwise noted. Which of the following adjustments to the assumed useful life and assumed salvage value of a company’s assets would most likely decrease the company’s total asset turnover ratio?
| Assumed useful life | Assumed salvage value | A | Longer | Lower | B | Longer | Higher | C | Shorter | Lower | D | Shorter | Higher |
A. Answer A B. Answer B C. Answer C D. Answer D |