Compare and contrast the effects of LIFO and FIFO inventory costing methods on earnings in an inflationary period.
Exercise 4-9( part a only), p. 265. In addition, do the same calculations for your chosen company and incorporate results into your research paper
Analytical Measures of Plant Assets
a. Compute the following analytical measures applied to Colgate for 2011:
a. Part 2. Compute the following analytical measures applied to Papa John ' s International, Inc. for 2014:
Problem 4-2, p. 267
Restating Inventory from LIFO to FIFO
BigBook. Com uses LIFO inventory accounting. Notes to BigBook. Com’ s Year 9 financial statements disclose the following( it has a marginal tax rate of 35 %):
a. Determine the amount by which Year 9 retained earnings of BigBook. Com changes if FIFO is used
b. Determine the amount by which Year 9 net income of BigBook. Com changes if FIFO is used for both Years 8 and 9.
c. Discuss the usefulness of LIFO to FIFO restatements in an analysis of BigBook. Com.