Company A is identical to Company B in every regard except that Company A uses FIFO and Company B uses LIFO. In an extended period of rising inventory costs, Company A's gross profit and inventory turnover ratio, compared to Company B's, would be:Col1 a b c dCol2 Gross Profit lower higher higher lower Col3 Inventory Turnover lower higher lower higherA. Option A B. Option C C. Option D D. Option B
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