The use of past cost and expense ratios generally tends to overstate profits when sales are increasing and understate profits when sales are decreasing.

Name: The use of past cost and expense ratios generally tends to overstate profits when sales are increasing and understate profits when sales are decreasing.
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The Answer of The use of past cost and expense ratios generally tends to overstate profits when sales are increasing and understate profits when sales are decreasing.

The Use of Past Cost and Expense Ratios Generally Tends