NO.PZ2016012102000114
问题如下:
Given the price is increasing, compared to LIFO method, if company using average cost method for inventory could not have a:
选项:
A.
higher current ratio.
B.
lower gross margin.
C.
lower asset turnover.
解释:
B
Compared with LIFO, the company using average cost method will report lower COGS, higher gross profit, and higher ending inventory, so current assets will be higher, and then the current ratio will be higher. Consequently, gross margin would be higher and asset turnover would be lower under the average cost inventory method.
考点:存货核算方法比较
因为价格在上涨的过程中, average cost method 计算出的成本是平均的成本,而LIFO用的成本是最新购买的产品的成本,所以相对而言最新的产品的成本是最贵的,平均成本会低一些,就能降低COGS。更低的COGS,对应更高的毛利,更高的期末存货,因此流动资产会更高,流动比率也更高,资产周转率会更低。
C选项也不会降低吧,