LVMH is a Paris-based manufacturer of luxury goods that prepares its financial statements using IFRS. During the year, the management of the company undertook a review of the fair value of its inventory and found that the inventory had appreciated above its book value of 12 million euros. According to the company's management, the inventory was undervalued by 3 million euros. (Hint: Credit Asset, revaluation reserve. Prepare the journal entry to revalue the company's inventory. How would the revaluation immediately affect the company's

(a) current ratio,

(b) inventory turnover, 

(c) days' sales in inventory?