Q23 Assume U.S. GAAP (generally accepted accounting principles) applies unless otherwise noted.

An analysis made the appropriate adjustments to the financial statements of retail companied that are lessees using a substantial number of orating leases. Compared to ratios computed from the unadjusted statements, the ratios computed from the adjusted statements would most likely be higher for:

A. the debt-equity ratio but not the interest coverage ratio.

B. The interest coverage ratio but the debt-equity ratio.

C. Both the debt-equity ratio and the interest coverage ratio.

D. Neither The debt-equity ratio nor the interest coverage ratio.

答案和详解如下：

Q23. A   07Modular Level I,Vol. 3, PP 566-568

The adjustments for operating leases would increase the amount of total debt in the debt-equity ratio thus increasing the ratio; the estimated lease interest expense would lower the interest coverage ratio.

b

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