Cost on the balance sheet

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Reference no: EM13945330

a.  Which inventory method reports the most up-to-date cost on the balance sheet?

v  LIFO

v   FIFO

v   Weighted Average

v   None of the above

b. A common ratio to measure profitability is the _____

v  quick ratio

v  inventory turnover

v  days' sales in receivables

v  asset turnover

Reference no: EM13945330

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