Question: 1 3 . Which inventory valuation method assumes that the first goods purchased are the first to be sold? A ) FIFO ( First -

13. Which inventory valuation method assumes that the first goods purchased are the first to be sold?
A) FIFO (First-In, First-Out)
B) LIFO (Last-In, First-Out)
C) Weighted Average Cost
D) Specific Identification
14. Which financial ratio measures a company's ability to pay short-term obligations?
A) Debt-to-Equity Ratio
B) Current Ratio

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