Zimt AG wrote down the value of its inventory in 2007 and reversed the write-down in 2008.
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Zimt AG wrote down the value of its inventory in 2007 and reversed the write-down in 2008. Compared to the ratios that would have been calculated if the write-down had never occurred, Zimt’s reported 200
A. current ratio was too high.
B. gross margin was too high.
C. inventory turnover was too high.
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