NO.PZ2018062004000148
问题如下：
Assuming a periodic inventory system, company M adopts the FIFO method, and company N adopts the LIFO method. When the price tends to rise, which of the following is not true?
选项：
A.
Company M has higher liquidity.
B.
Company M has higher efficiency.
C.
Company M has higher profitability.
解释：
B is correct. When the price tends to rise, inventory balance of company M tends to be higher for it adopting the FIFO method and the cost of sales tends to be lower, which will result in higher gross margin, indicating higher profitability. As well as lower inventory turnover (Inventory turnover= COGS/average inventory), indicating lower efficiency. Current ratio = current assets/current liabilities, higher inventory means higher assets, so the current ratio of company M is higher, indicating higher liquidity.
fifo的成本不是会低一店
