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A change from FIFO to LIFO in a period of rising prices will a. decrease...

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Accounting

A change from FIFO to LIFO in a period of rising prices will a. decrease the current ratio and increase the inventory turnover ratio. b. increase both the current ratio and the inventory turnover ratio. c. increase the current ratio and decrease the inventory turnover ratio. d. decrease both the current ratio and the inventory turnover ratio.

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