If an accountant recorded a sale made in January 20X2 in the 20x1 financial statements but the inventory was counted properly on December 31, 20X1, we would expect: a) The gross profit margin to be overstated and the inventory turnover to be correct b) The gross profit margin to be understated and the inventory turnover to be overstated c) The gross profit margin to be overstated and the inventory turnover to be understated d) The gross profit margin to be correct and the inventory turnover to be understated
