Register now or log in to join your professional community.
<p>Which one of the following inventory cost flow assumptions will result in a higher inventory turnover ration in an inflationary economy?</p> <p> </p> <p>1- Fifo</p> <p>2- Lifo</p> <p>3- Weighted average</p> <p>4- Specific Identification</p>
LIFO
LIFO method its a right answer
agreed with Shabeer Ahamed Shabeer
LIFO. As low valued inventory will be shown in Balance Sheet so making the denominator smaller and resulting in higher figure.
Yes,
its LIFO
LIFO is the right answer as last items will carry more cost.
LiFo last in - first out
last (higher cost than older)
Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.