What problems are expected in an analysis of a company using the LIFO inventory method when costs

Question:

What problems are expected in an analysis of a company using the LIFO inventory method when costs are increasing? What effects do price changes have on the
(a)
(b) Current ratio?

Inventory Turnover Ratio
Inventory Turnover RatioThe inventory turnover ratio is a ratio of cost of goods sold to its average inventory. It is measured in times with respect to the cost of goods sold in a year normally. Inventory Turnover Ratio FormulaWhere,...