The Repo 105 transactions reduced Lehmans net leverage ratio from 17.8 to 16.1 at the end of

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The Repo 105 transactions reduced Lehman’s net leverage ratio from 17.8 to 16.1 at the end of fiscal 2007. Do you believe that was a “material difference”? Why or why not?

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Contemporary Auditing

ISBN: 978-1285066608

8th edition

Authors: Michael C. Knapp

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Question Posted: Oct 02, 2014 07:31 AM

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The Repo 105 transactions reduced Lehmans net leverage ratio from 17.8 to 16.1 at the end of

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Contemporary Auditing

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