Question: When an analyst is looking at profitability ratios, which inventory accounting method is preferred? A. FIFO B. Weighted average cost C. LIFO D. Profitability ratios

When an analyst is looking at profitability ratios, which inventory accounting method is preferred?

A. FIFO

B. Weighted average cost

C. LIFO

D. Profitability ratios are not affected by the inventory accounting method used

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!

Q:

ry accounting method is preferred? A) FIFO B) Weighted average C) LIFO D) Profitability ratios are not affected by the inventory accounting method used 14. Which is an appropriate method of preparing...

Q:

When developing forecasts, analysts should most likely : A . develop possibilities relying exclusively on the results of fi nancial analysis. B . use the results of fi nancial analysis, analysis of...

Q:

target walmart appendix D more information on target more information on walmart Refet to the financial statements of Target (Agpendix B) and Waimart (Apgendix C) and the Industry Ratio Report...

Q:

The Balance Sheet Referencing this week?s readings and lecture, what information is provided in the balance sheet? What is a common-sized balance sheet and how do you create one? For your final...

Q:

OVERVIEW One of the measures of success in any business is profitability. All successful managers and business owners must have an understanding of how to assess the profitability of a company. This...

Q:

Please help me find details of Target's fiscal 2018 liabilities, calculate the time-earned interest rate, and compare to Kohl's corporation if possible. If not, thank you anyway! Financial Statement...

Q:

I need my powerpoint draft edited to ensure all the requirement of the assignment are answered and clearly noted in this powerpoint. I have attached the current Powerepoint draft, the...

Q:

I have one more question on my unadjusted trial balance. My purchases are off and I am not sure how to fix this one. Final Project Peyton Approved Data You will prepare financial statements that will...

Q:

Hello This is regarding BUS5440. I need help with the following discussion questions and I need the answer in next 2 hrs as I have a deadline today, *********************************** Share your...

Q:

What are the primary inventory valuation methods used in cost accounting? How does the First - In , First - Out ( FIFO ) method work in inventory valuation? Can you explain the Last - In , First -...

Q:

Another relatively widespread business structure is a trust. What are the two main forms of trusts in Australia? What are the tax issues associated with family trusts?

Q:

The figure shows a circuit containing an electromotive force, a capacitor with a capacitance of C farads (F), and a resistor with a resistance of R ohms (). The voltage drop across the capacitor is...

Q:

Use partial fractions to evaluate the following integrals. A . d x x 2 - 7 x + 1 2 E . 8 d x x ( x + 2 ) 3 B . x 2 - x + 1 x 2 + x d x F . x + 8 x ( x 2 + 4 ) d x C . d x x 3 - 4 x G . 4 x 2 x 3 - x...

Q:

Organizational or political savvy is a barrier to communication can hurt your chances of getting a job makes you look inauthentic and not genuine allows you to navigate and adapt to individual...

Q:

Identify the characteristics of people with low and high selfesteem.

Q:

3. When asked for advice for future entrepreneurs, Vickie Stringer said, Be patient, allow room for growth, build your company on a strong accounting system, and as always, dare to dream. How does...

Q:

Define self-esteem and discuss its impact on your life.