Business, 06.03.2020 21:57 SmokeyRN

Truman Co. sells a large number of common household items, while Stapleton sells a small number of expensive items. The two companies report the same dollar amount for ending inventory and gross profit for the year. Which of the following is most likely true?

(A) Truman has a higher inventory turnover ratio, and Stapleton has a lower gross profit ratio.
(B) Stapleton has a higher inventory turnover ratio and higher gross profit ratio.
(C) Truman has a higher inventory turnover ratio and higher gross profit ratio.
(D) Truman has a higher inventory turnover ratio, and Stapleton has a higher gross profit ratio.

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