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An entity changed from the FIFO to the LIFO cost flow assumption for inventories. Assuming that inventory and sales remain constant over time, and that

An entity changed from the FIFO to the LIFO cost flow assumption for inventories. Assuming that inventory and sales remain constant over time, and that prices are rising, how would the current ratio be changes as a result of converting from FIFO to LIFO? A) The current ratio did not change. B) The current ratio increased. C) The current ratio decreased

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