问题
单项选择题
Opal Company manufactures sophisticated machines and then leases them to its customers. If the leases are structured in such a way that they are treated as capital leases for accounting purposes, the impact on Opal’ s financial statements and ratios will be that all of the following will be higher EXCEPT :
A．
| A. the total asset turnover ratio. |
B．
| B. return on equity (ROE). |
C．
| C. net cash flow. |
答案
参考答案：C
解析：From the lessor’ s standpoint, sales and revenue recognition occur earlier when leases are treated as capital, and not operating leases, which enhances profitability and turnover ratios. Net cash flow is the same under either method.