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Which of the following would NOT be affected by a change from LIFO to FIFO, assuming that prices are rising? o Working Capital Inventory lumover

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Which of the following would NOT be affected by a change from LIFO to FIFO, assuming that prices are rising? o Working Capital Inventory lumover Current ratio Quick ratio Assume a company has a current ratio of 2.0. Payment of accrued wages payable would cause the current ratio to decrease be unchanged since the effects offset one another be unchanged since it has no impact on any current asset or liability accounts. increase

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