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| Comet Corporation is a capital intensive, growing firm. Comet operates in an inflationary environment and its inventory quantities are stable. Which of the following accounting methods will cause Comet to report a lower price-to-book ratio, all else equal? Inventory method Depreciation method A)First-in, First-out Straight-line B)First-in, First-out Accelerated C)Last-in, First-out Accelerated |
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