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: 
Definitions:
Null Hypothesis
A statement used in statistics that proposes there is no significant difference or effect, serving as a default or starting assumption in hypothesis testing.
Degrees Of Freedom
The count of independent values or quantities that can vary in an analysis without violating any constraints.
Prediction Interval
A range within which a future observation or outcome is expected to fall, with a certain probability.
Simple Linear Regression
A statistical method to model the relationship between two variables by fitting a linear equation to observed data.
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