Company C is identical to Company D in every respect except that Company C uses LIFO and Company D uses average costs.In an extended period of rising inventory costs,Company C's gross profit and inventory turnover ratio,compared to Company D's,would be:

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The Answer of Company C is identical to Company D in every respect except that Company C uses LIFO and Company D uses average costs.In an extended period of rising inventory costs,Company C's gross profit and inventory turnover ratio,compared to Company D's,would be:

Company C Is Identical to Company D in Every Respect