With respect to Statement $3,$ what is the most likely effect of the impairment loss?

Select one:

A$.$ Net income in years prior to $2009$ was likely understated

B$.$ Net profit margins in years after $2009$ will likely exceed the $2009$ net profit margin

C$.$ Cash flow from operating activities in $2009$ was likely lower due to the impairment loss

Clear my choice

Based on Exhibits A and B$,$ the best estimate of the average remaining useful life of the company's plant and equipment at the end of $2009$ is:

Select one:

A$.20\mathrm{.}75$ years

B$.24\mathrm{.}25$ years

C$.30$ years

With respect to Statement $4,$ if AMRC had used its old classification method for its leases instead of its new classification method, its $2009$ total asset turnover ratio would most likely be:

Select one:

a$.$ lower

b$.$ higher

c$.$ the same

With respect to Statement $4$ and Exhibit A$,$ if AMRC had used its old classification method for its leases instead of its new classification method, the most likely effect on its $2009$ ratios would be a:

Select one:

A$.$ higher net profit margin

B$.$ higher fixed asset turnover

C$.$ higher total liabilities$-$to$-$total assets ratio