Question: Compared to using the weighted average cost method to account for inventory, during a period in which prices are generally rising, the current ratio of

Compared to using the weighted average cost method to account for inventory, during a period in which prices are generally rising, the current ratio of a company using the FIFO method would most likely be:

A. lower.

B. higher.

C. dependent upon the interaction with accounts payable.

Assume the companies use a periodic inventory system.

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