ACMEs COO is interested in measuring ACMEs Inventory performance against the general performance of other firms in the industry. He has decided that Inventory Turns is the best measure of performance given ACMEs emphasis on the retail business. The relevant financial information is as follows:

ACME Income Statement ($m)

ACME Balance Sheet ($m)

Revenue

5,000

Current Assets

Cost of Goods Sold

3,000

Inventory

400

Gross Profit

2,000

Accounts Receivables

150

Sales, general & Administrative Expenses

1,000

Cash

50

Earnings before Interest & taxes

1,000

Total Current Assets

600

Interest and Taxes

500

Current Liabilities

Net Income

500

Accounts Payables

450

Short-Term Debt

100

Total Current Liabilities

550

The Average Inventory Turns for the industry is 14.

Is ACMEs Inventory performance

Group of answer choices

a. Better than the Industry Average

b.Worse than the Industry Average

c. The Same as the Industry Average