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Company A uses the FIFO method to cost inventory and Company B uses the LIFO method. The two companies are exactly alike except for the
Company A uses the FIFO method to cost inventory and Company B uses the LIFO method. The two companies are exactly alike except for the difference in inventory conting methods Costs or inventory items for both companies have been falling steadily in recent years and each company has increased inventory each year Ignore income tax effects Required: Identify which company will report the higher amount for each of the following ratios 1. Current ratio 2. Debt-to-assets ratio 3. Earnings per share
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