HFC and LFC are competitors and members of a procyclical industry. The two companies are the same except HFC manufactures its inventory whereas LFC purchases its inventory from external suppliers. Which of the following is the most likely?

Group of answer choices

HFC$$s net operating asset turnover is higher than LFC$$s net operating asset turnover.

HFC$$s NOPAT margin is lower than LFC$$s NOPAT margin.

HFC$$s RNOA is more procyclical than LFC$$s RNOA.

HFC$$s RNOA is less procyclical than LFC$$s RNOA.

HFC$$s RNOA is lower than LFC$$s RNOA.

HFC$$s RNOA is higher than LFC$$s RNOA.