Question: Which of the following transactions will decrease both the return on assets ratio and the asset turnover ratio? a. Purchasing land by signing a note

Which of the following transactions will decrease both the return on assets ratio and the asset turnover ratio?

a. Purchasing land by signing a note payable.

b. Accruing interest expense at year-end.

c. Accruing interest revenue at year-end.

d. Collecting cash from an account receivable.

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