$13.$ Which inventory valuation method assumes that the first goods purchased are the first to be sold?

A$)$ FIFO $($First$-$In$,$ First$-$Out$)$

B$)$ LIFO $($Last$-$In$,$ First$-$Out$)$

C$)$ Weighted Average Cost

D$)$ Specific Identification

$14.$ Which financial ratio measures a company's ability to pay short$-$term obligations?

A$)$ Debt$-$to$-$Equity Ratio

B$)$ Current Ratio