问一道题：NO.PZ2016012101000145

问题如下：

Compared to using the weighted average cost method to account for inventory, during a period in which prices are generally rising, the current ratio of a company using the FIFO method would most likely be:(assume the companies use a periodic inventory system)

选项：

lower.

higher.

dependent upon the interaction with accounts payable.

解释：

B  is correct.

In a rising price environment, inventory balances will be higher for the company using the FIFO method. Accounts payable are based on amounts due to suppliers, not the amounts accrued based on inventory accounting.

解析：对比weighted average cost method和FIFO method，价格上升的市场，两种方法下current ratio的大小。Current ratio=current asset/current liability，这两种计量方法影响的是current asset中的inventory账面价值，FIFO先进先出，留下的inventory是最近购买的，因此存货的账面价值更高，current asset就高，current ratio就大，所以选B。account payable不受到存货计量方法的影响，不管存货那边怎么做账，采购部门该怎么采购就怎么采购。