19. If all else holds constant, in periods of rising prices and inventory levels: A) FIFO firms have higher debt to equity ratios than LIFO firms do 8) LIFO firms will have greater stockholders' equity than FIFO firms do C) FIFO firms have higher gross profit margins than LIFO firms do 20. Which of the following inventory disclosures would least likely be found in the footnotes of a firm reporting under IFRS? A) The amount of loss reversals from previous written-down inventory that is recognized during the ) C) period The separate carrying values of raw materials, work-in-process and finished goods inventory The LIFO reserve at the end of the year 21. Zimt AG started business in 2007 and uses the LIFO inventory method. During 2007 it purchas 45,000 units of inventory at 10 each and sold 40,000 units for C20 each. In 2008, it purchase another 50,000 units at 12 each and sold 45,000 units for 22 each. The firm's ending uro in 2008 (in thousands) is closest to: A) 5 B) 10 C) 105 D) 110