Compared with using the FIFO method to account for

财务会计 已帮助: 时间:2024-09-09 04:15:17

Compared with using the FIFO method to account for inventory, during a period of rising prices, which of the following ratios is most likely higher for a company using LIFO?
A.Current ratio
B.Gross margin
C.Inventory turnover

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题库:财会类考试,特许金融分析师(C,CFA一级

标签:during,inventory,for

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2024-09-09 04:15:17

Ans:C.
During a period of rising prices, ending inventory under LIFO will be lower than that of FIFO and cost of goods sold higher; therefore, inventory turnover (CGS/average inventory) will be higher.
Reference: question No.1.

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下一篇 以下( )不属于财务尽职调查报告的内容。A.目标企业法律风险的识别B.评估目标企业的财务健康程度C.

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