28.
Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.
An analyst suspects that a particular company's financial statements may require adjustment because the company uses take-or-pay agreements. The most likely effect of the appropriate adjustments on the company's return on assets (ROA) and debt-to-equity ratio, respectively, would be:
| ROA | Debt-to-equity ratio | A. | Increase | Increase | B | Increase | Decrease | C | Decrease | Increase | D | Decrease | Decrease |
Select exactly 1 answers from the following:
A. B. C. D.
答案和详解如下！
Feedback: Correct answer: C
The Analysis and Use of Financial Statements, 3rd edition, Gerald I. White, Ashwinpaul C. Sondhi, and Dov Fried (Wiley, 2003), pp. 376?77 2006 Modular Level I, Vol. II, pp. 958-960 Study Session 10-44-d describe the types and economic consequences of off-balance-sheet financing and determine how take-or-pay contracts, throughput arrangements, and the sale of receivables affect selected financial ratios
The adjustment would increase both assets and debt. The increase in assets would reduce the return on assets and the increase in debt would increase the debt-to-equity ratio.
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发表于 2006-11-21 11:54
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