You are performing various ratio analyses for two companies of approximately the same size in the same industry - one is using the LIFO assumption to value the inventory and the other is using FIFO assumption. In order to compute and compare the current ratio and the profit margin, what adjustments would you make so that you can compare the two side-by-side. Be specific as to how you make the adjustments, e.g. which accounts of which company and how exactly to adjust them.