Can you explain why

(c) Indicate whether each of the amounts below would be higher or lower when repesting inventory using LIFO (or dollar-value LIFO) instead of FIFO in periods of rising inventory costs and stable inventory quantities. 1. Inventory turnover ratio Higher under LIFO 2. Average days in inventory Lower under LIFO 3. Gross profit ratio Lower under LIFO Pereerrire Balance Sheet Analysis