Question: 1. True or False: inventory is the largest current asset account for PVH as of Feb 2, 2020. 2. What inventory cost method was

1. True or False: inventory is the largest current asset account for

1. True or False: inventory is the largest current asset account for PVH as of Feb 2, 2020. 2. What inventory cost method was used by PVH for substantially all wholesale inventories in North America during the year ended on Feb 2, 2020? 3. Did PVH used other inventory cost method during the year ended on Feb 2, 2020? If so, which method? 4. Assuming the unit cost of PVH's inventory is rising during the period, discuss the impact of the main inventory cost method used by PVH (your answer to question 2 in this part) on its net income and income tax.

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