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Smith Company. In the notes to financial statements the change in accounting treatment for leases...

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Accounting

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Smith Company. In the notes to financial statements the change in accounting treatment for leases is discussed. Operating leases are now required to be included in the balance sheet. This impacts both assets and liabilities. The effect of this accounting change will impact which of the following ratios? a. times interest earned ratio b. debt/equity ratio c. current ratio d. inventory turnover e. Days' sales in receivables

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