Can you answer the following accounting questions?
On your own words,
1. If you could choose three financial statement ratios, in which to utilize and analyze a company for investment, lending, or employment purposes, which three financial statement ratios would you choose, and what information would these ratios provide?
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2. Please compare and contrast two of the following inventory valuation methods: first in-first out (FIFO), last in-first out (LIFO), or weighted average. Please explain the benefits of each inventory valuation method you selected and how the inventory is valued.