4. Zimt AG wrote down the value of inventory in 2007 and reversed the write-down in 2008....

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4. Zimt AG wrote down the value of inventory in 2007 and reversed the write-down in 2008. Compared to ratios calculated if the write-down had never occurred, Zimt's reported 2007 Inventory in 2007 reduc A. Current ratio was too high value GOGS increased B. Gross margin was too high C. Inventory turnover was too high

Posted Date: May 18, 2024 10:10 PM

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4. Zimt AG wrote down the value of inventory in 2007 and reversed the write-down in 2008....

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