Golf Challenge Corp. is a retail sports store carrying golf apparel,and equipment. The store is at the end of its second year of operation and is struggling. A major problem is that its cost of inventory has continually increased in the past two years. In the first year of operations, the store assigned inventory costs using LIFO. A loan agreement the store has with its bank, its prime source of financing, requires the store to maintain a certain profit margin and current ratio. The store's owner is currently looking overGolf Challenge's preliminary financial statements for its second year. The number are not favorable. The only way the store originally decided on LIFO because of its tax advantage to the loan officer at the bank for the required bank review. The owner thankfully reflects on the available latitude in choosing the investory costing method. How does Golf Challenge's use of FIFO improve its net profit margin and current ration ? Is the action by Golf Challenge's ower ethical? Explain