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Which of the following ratios decrease when a company switches from LIFO to FIFO during a period of decreasing unit costs? Gross profit margin and

Which of the following ratios decrease when a company switches from LIFO to FIFO during a period of decreasing unit costs? Gross profit margin and inventory turnover. Current ratio and cash ratio. O Inventory turnover only. Receivables turnover and cash ratio. Gross profit margin and current ratioimage text in transcribed

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