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Nevis corporation operates in an industry where costs are

Nevis Corporation operates in an industry where costs are falling. The company is considering changing its inventory method from FIFO to LIFO and wants to determine the impact that the change would have on selected accounting ratios in future years. In general, what impact would you expect on the following ratios: net profit margin, fixed asset turnover, and current ratio?

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Accounting Basics: Nevis corporation operates in an industry where costs are

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