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A change from FIFO to LIFO in a period of rising prices will a. decrease both the current ratio and the inventory turnover ratio. b.
A change from FIFO to LIFO in a period of rising prices will a. decrease both the current ratio and the inventory turnover ratio. b. increase both the current ratio and the inventory turnover ratio. c. increase the current ratio and decrease the inventory turnover ratio. d. decrease the current ratio and increase the inventory turnover ratio
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
5th Canadian Edition
