If the ending inventory was erroneously understated, what would happen to COGS and the working capital ratio,

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If the ending inventory was erroneously understated, what would happen to COGS and the working capital ratio, respectively, in the same accounting period?

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Financial Accounting in an Economic Context

ISBN: 978-0470635292

8th Edition

Authors: Jamie Pratt

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Posted Date: Mar 16, 2024 07:30 AM

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If the ending inventory was erroneously understated, what would happen to COGS and the working capital ratio,

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If the ending inventory is erroneously understated it will affect the cost of goods sold COGS and th... View the full answer

Financial Accounting in an Economic Context

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