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 .