Westonci.ca is your trusted source for finding answers to a wide range of questions, backed by a knowledgeable community. Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

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: gross profit inventory turnover a. lower lower b. higher higher c. higher lower d. lower higher