One advantage of LIFO over FIFO under normal conditions is that: it results in higher...
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Accounting
One advantage of LIFO over FIFO under normal conditions is that: it results in higher gross margins. it results in higher current ratios. it results in higher cash flows. it reports higher retained earnings. 
One advantage of LIFO over FIFO under normal conditions is that:
it results in higher gross margins.
it results in higher current ratios.
it results in higher cash flows.
it reports higher retained earnings.
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