Question: Discuss how, in choosing the accounting methods below, the following ratios can be affected return on assets, quick ratio, profit margin, asset turnover: (a)

Discuss how, in choosing the accounting methods below, the following ratios can be affected — return on assets, quick ratio, profit margin, asset turnover:

(a) A change in accounting method for depreciation from straight line to diminishing balance

(b) Revaluation of a non-current asset upwards at the beginning of the current year

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