Company is DENTSPLY SIRONA INC, Ticker is XRAY g. Calculate the proportion of the replacement cost (LIFO method) to the

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Company is DENTSPLY SIRONA INC, Ticker is XRAY
g. Calculate the proportion of the replacement cost (LIFO
method) to the carrying value (method other than LIFO) for each
year for your company.
h. Legislators have proposed eliminating LIFO accounting.
Understandably, this has been met with much opposition from
business interests. Calculate the tax cost your company would incur
if LIFO accounting was eliminated and inventory balances would have
to be adjusted to their carrying value under a method other than
LIFO. Assume a 25% tax rate. Relative to your company’s current Net
Income, how large a cost would this new tax cost represent
(calculate the proportion)?
I. What conclusions can you draw from your calculations in parts
g and h? Do they support those who say that LIFO is relatively
useless and removed from reality? Are your calculations consistent
with your expectations outlined in part f?