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| Heltzel decides to redefine the functional currency to assess how the current rate vs. the temporal method will impact Wilson’s financial statements. Wilson’s gross profit margin will be lower under the: A. temporal method, and the total asset turnover ratio will be higher under the current rate method. B. current rate method, and the total asset turnover ratio will be higher under the current rate method. C. current rate method, and the total asset turnover ratio will be higher under the temporal method. |