Which of the Following Ratios Increases When a Company Switches

question 68

Multiple Choice

Which of the following ratios increases when a company switches from FIFO to LIFO during a period of increasing unit costs?

• A) Profit margin.
• B) Inventory turnover.
• C)Quick.
• D)Current.

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Definitions:

Synapses

The junctions between neurons through which they communicate with each other using chemical or electrical signals.

Sympathetic Nervous

Part of the autonomic nervous system that prepares the body for action and stress by accelerating the heart rate, widening the airways, and other responses.

Central Nervous

Pertains to the central nervous system, which consists of the brain and spinal cord, responsible for processing and transmitting information throughout the body.

Limbic

Refers to the limbic system, a complex system of nerves and networks in the brain, involved with instinct and mood. It controls the basic emotions and drives.