ABC (LTD) has asked you for assistance, and their accountant has given you the information below: - Cash sales: R90,000 - Credit sales: R300,000 - Returns inwards: R40,000 - Opening stock: R20,000 - Closing stock: R40,000 - Gross profit ratio: 30% Task: Assist ABC in calculating its inventory turnover ratio and then explain to them the implications of having either a very high or very low inventory turnover ratio. (25 marks)