Which of the following ratios is unaffected by the choice between translation under the all-current method and remeasurement under the temporal method? A) Accounts payable turnover. B) Current ratio. C) Quick ratio. Answer according to Sch… = C But I would have said A… Sales under both method: Avg. Rate A/P considered a Mon. Liabilities: Current Rate under Temporal & Current… Why shouldnt that be A???
Oh crap… forget it… I totally forgot my AP Turnover formula… COGS/AP… Not Sales/AP…
You got Schwesed, it happens to the best of us.
i posted the same things day b4 ystrday…lol U r not alone to get fooled by tht Q my friend 