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Which of the transaction could explain a decrease

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Reference no: EM132966416

Problem 1: Which of the following transaction could explain a decrease in the return on asset ratio (ignore tax implications)? Currently return on asset ratio is 10%.

a. Paying to settle account payable
b. Sale of land for $100,000 cash, carrying value at the time of sale is $100,000
c. Share buyback
d. Purchase of equipment by cash
e. Receiving cash deposit from customers for a job to be done in the next financial year.

Reference no: EM132966416

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