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Zimt AG wrote down the value of its inventory in 2007 and reversed the write-dow

Zimt AG wrote down the value of its inventory in 2007 and reversed the write-down in 2008. Compared to the ratios that would have been calculated if the write-down had never occurred, Zimt’s reported 2007: A. current ratio was too high. B. gross margin was too high. C. inventory turnover was too high.

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