Which of the Following Ratios Increases When a Company Switches

question 56

Multiple Choice

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

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

---

Definitions:

Gambling

Wagering money or something of value on an outcome that is largely determined by chance.

Idiot

Used historically in psychology to describe a person with profound intellectual disability, the term is now considered derogatory and outdated.

Credible Support

Evidence or backing that is trustworthy and reliable, enhancing the validity of a claim or argument.

Testimony

An oral or written statement where someone shares information or evidence based on their personal knowledge or experience.