A furniture retail company uses the LIFO inventory method Due to the nigh inflation rate in me past year, the company's

A furniture retail company uses the LIFO inventory method Due to the nigh inflation rate in me past year, the company’s

A furniture retail company uses the LIFO inventory method Due to the nigh inflation rate in me past year, the company’s
A . current ratio may be overstated
B. quick ratio may be understated
C. net income may be understated
D. quick ratio may be overstated

Answer: C