How might classifying dividends paid as operating activities under IFRS affect a company's financial ratios?

• A. It could increase the return on assets ratio, affecting profitability analysis.
• B. It could increase the debt-to-equity ratio, affecting solvency analysis.
• C. It could decrease the operating cash flow ratio, affecting liquidity analysis.
• D. It would have no effect on financial ratios.

Answer: (C)