问一道题：NO.PZ201602060100000105

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问题如下：

5. If Karp had used FIFO instead of LIFO, which of the following ratios computed as of 31 December 2009 would most likely have been lower?

选项：

Cash ratio.

Current ratio.

Gross profit margin.

解释：

A is correct.

The cash ratio (cash and cash equivalents ÷ current liabilities) would be lower because cash would have been less under FIFO. Karp’s income before taxes would have been higher under FIFO, and consequently taxes paid by Karp would have also been higher and cash would have been lower. There is no impact on current liabilities. Both Karp’s current ratio and gross profit margin would have been higher if FIFO had been used. The current ratio would have been higher because inventory under FIFO increases by a larger amount than the cash decreases for taxes paid. Because the cost of goods sold under FIFO is lower than under LIFO, the gross profit margin would have been higher.

这道题应该怎么理解，不是太懂

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1 个答案

纠纠_品职答疑助手 · 2020年03月01日

同学你好：

这道题目是考LIFO reserve的知识和LIFO,FIFO两种方法的比较。

09年的LIFO reserve 为155, 大于08年的LIFO reserve 117，因此如果用FIFO的方法:

COGS(FIFO)=COGS(LIFO)- 09 年LIFO reserve + 08 年LIFO reserve 成本会降低,

A 选项利润回变好，所以税收支出变多，Cash变少，因此Cash ratio也变少。

B 选项current ratio = current asset ÷ current liabilities。由于current asset 里面的 Inventory，用FIFO方法会升高155，Cash会因为多交税减少（155-117）*0.2，所以current asset 总体是提高的。current ratio 也会提高。

C 由于COGS是下降的，sales不变，gross margin也是提高的。

相关问题

NO.PZ201602060100000105问题如下5. If Karp huseFIFO insteof LIFO, whiof the following ratios computeof 31 cember 2009 woulmost likely have been lower?A.Cash ratio.B.Current ratio.C.Gross profit margin.A is correct.The cash ratio (cash ancash equivalents ÷ current liabilities) woullower because cash woulhave been less unr FIFO. Karp’s income before taxes woulhave been higher unr FIFO, anconsequently taxes paiKarp woulhave also been higher ancash woulhave been lower. There is no impaon current liabilities. Both Karp’s current ratio angross profit margin woulhave been higher if FIFO hbeen use The current ratio woulhave been higher because inventory unr FIFO increases a larger amount ththe cash creases for taxes pai Because the cost of goo solunr FIFO is lower thunr LIFO, the gross profit margin woulhave been higher. cash ratio是剔除了inv和ar的，那cashratio没考虑inv的话应该不变啊

2022-10-19 03:17 1 · 回答

NO.PZ201602060100000105 Current ratio. Gross profit margin. A is correct. The cash ratio (cash ancash equivalents ÷ current liabilities) woullower because cash woulhave been less unr FIFO. Karp’s income before taxes woulhave been higher unr FIFO, anconsequently taxes paiKarp woulhave also been higher ancash woulhave been lower. There is no impaon current liabilities. Both Karp’s current ratio angross profit margin woulhave been higher if FIFO hbeen use The current ratio woulhave been higher because inventory unr FIFO increases a larger amount ththe cash creases for taxes pai Because the cost of goo solunr FIFO is lower thunr LIFO, the gross profit margin woulhave been higher. 解析里主要是说税收改变了，什么时候考虑税的影响可以帮忙一下吗，有点乱

2021-10-15 15:05 1 · 回答

There is no impaon current liabilities. useFIFO insteof LIFO, inventory应该减少了，current asset应该减少了

2020-02-15 22:25 1 · 回答

问一道题：NO.PZ201602060100000105

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