Which of the Following Ratios Would Not Be Positively Affected

question 40

Multiple Choice

Which of the following ratios would not be positively affected by a change from LIFO to FIFO, assuming that prices are rising?

• A) Current ratio
• B) Debt to equity ratio
• C) Times interest earned
• D) Quick ratio

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Definitions:

Social Classes

Categories of individuals in a society distinguished by relative position or status, often determined by wealth, occupation, education, or familial lineage.

Intractable Ruling Classes

Powerful societal groups that are resistant to change and maintain their position through control of resources and institutions.

Disadvantaged

Individuals or groups lacking in advantage, opportunity, or resources, often due to socio-economic conditions.

Political Resources

Assets, connections, or tools available to individuals, groups, or states to influence political outcomes or decisions.