5. In a perpetual inventory system: LIFO COGS will be the same as in a periodic inventory system Weighted average COGS will be the same as in a periodic inventory system FIFO COGS will be the same as in a periodic inventory system A) 8) C) An analyst is examining a cash flow statement. Which of the following is NOT a correct conclusion the analyst might come to? A) 6. If a company has large net income but poor operating cash flow it is a sign of poor earnings quality. In the financing section of the cash flow statement, share repurchases and dividend payments are B) alternative means of returning capital to owners. C) For a mature company, it is desirable that net income exceed operating cash flow. Assuming inflation, which of the following inventory cost flow methods would most likely result in the highest operating cash flow? A) LIFO B) FIFO C) Average cost