A large appliance company, Sears, has recently hired you. As part of an effort to help Sears get better control of their inventory throughout the supply chain, you have been given a series of tasks. Please help Sears as best you can, before they go bankrupt! 1. Sears sells the following appliances in their stores: Based on profits, classily the different appliances Sears sells into three different classes: A, B, and C. Each class must have at least one item in it (i.e, there must be at least one class A ltem, one class B item, and one class C item). Please provide justification for why you classified each item in a particular class. 2. Sears holds different amounts of inventory for each of their appliances. Sears is particularly Interested in the inventory of two specific items from the above table: L1 and F1. For item L1, Sears typlcally holds about $100,000 worth of inventory at any one point in time. For item F1, Sears typically holds about $25,000 worth of inventory at any one point in time. For both items, please calculate the inventory turnover ratio as well as the time in inventory (in days). Assume that Sears is open for 365 days a year. In your own words, explain what the turnover ratio and the average time in inventory mean for items L1 and F. 3. George Kxparisis owns a company that manufactures sailboats. Actual demand for George's sailboats during each of the past four years was as follows: Glven the above data, compute the season index for each season for the demand for George's sallboats. If George forecasts that aggregate demand in year 5 will be 5,600 boats, how many boats would George expect to sell in each season