NO.PZ2016012101000077
问题如下：
Defining total asset turnover as revenue divided by average total assets, all else equal, impairment write-downs of long-lived assets owned by a company will most likely result in an increase for that company in:
选项：
A.the debt-to-equity ratio but not the total asset turnover.
B.the total asset turnover but not the debt-to-equity ratio.
C.both the debt-to-equity ratio and the total asset turnover.
解释：
C is correct.
Impairment write-downs reduce equity in the denominator of the debt-to-equity ratio but do not affect debt, so the debt-to-equity ratio is expected to increase. Impairment write-downs reduce total assets but do not affect revenue. Thus, total asset turnover is expected to increase.
解析：长期资产减值，资产负债表上的资产减少，同时equity也会减少（因为利润表中会确认loss），负债不变，那么debt to equity ratio就变大，因为分母变小了。Asset turnover变大，因为分子revenue不受影响，但是分母asset会变小。
如题。。。。。。。。。。。。。。。。。。
