Using LIFO rather than FIFO in a time of rising prices:

I. lowers the current ratio.
II. increases inventory turnover.
III. increases profit margin.
IV. increases debt to equity ratio

A)I, II, and IV
B)I and II
C)II and III
D)I only

Name: Using LIFO rather than FIFO in a time of rising prices: I. lowers the current ratio. II. increases inventory turnover. III. increases profit margin. IV. increases debt to equity ratio A)I, II, and IV B)I and II C)II and III D)I only
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Question

Using LIFO rather than FIFO in a time of rising prices:

I. lowers the current ratio.
II. increases inventory turnover.
III. increases profit margin.
IV. increases debt to equity ratio

A)I, II, and IV
B)I and II
C)II and III
D)I only

Quizplus · Accepted Answer

The Answer is A

Using LIFO Rather Than FIFO in a Time of Rising