Asset turnover (ATO) is measured by Revenue / Average total assets.Assume ATO is currently 1.5 times p.a. and that the cash balance remains positive.State the effect the following event occurring on the reporting date would have on this ratio.EVENT: A payment to buy back a portion of shares from investors✓ [Select]IncreaseNo changeDecrease Return on equity (ROE) is measured by Profit/ Average total equityAssume ROE is less than 100% and that the cash balance remains positive.State the effect the following event occurring on the reporting date would have on this ratio.EVENT: A payment to buy back a portion of shares from investors✓ [Select]DecreaseIncreaseNo change

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Asset turnover (ATO) is measured by Revenue/Average total assets. Assume ATO is currently 1.5 times p.a. and that the cash balance remains positive. State the effect the following event occurring on the reporting date would have on this ratio. EVENT: A payment to buy back a portion of shares from investors ✓ [Select] Increase No change Decrease

Asset turnover (ATO) is measured by Revenue/Average total assets. Assume ATO is currently 1.5 times p.a. and that the cash balance remains positive. State the effect the following event occurring on the reporting date would have on this ratio. EVENT: A payment to buy back a portion of shares from investors ✓ [Select] Increase No change Decrease

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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