Assets Cash & cash equivalents Accounts receivable, net Inventories Other current assets Total current assets 2016 S 4,174 4,992 13,578 .354 $24,098 2015 S 886 5,054 14,498 $20,866 Net sale:s Cost of sales Gross profit 2016 S126,670 91,444 S35,226 2015 S118,068 -84,782 S33,286 Vienna's inventory footnote follows Inventories Inventories are valued on a lower of last-in, first-out (LIFO) cost or market basis. At August 31, 2016 and 2015, inventories would have been greater by S2,478 million and $2,134 million, respectively, if they had been valued on a lower of first-in, first- out (FIFO) cost or market basis. Inventory includes product cost, inbound freight, warehousing costs and vendor allowances that are not included as a reduction of advertising expense Compute the inventory turnover ratios for 2016 and 2015 (ending inventory in 2014 is S13,582 illion). What does this say about the company? a. b. Is it correct to include in-bound freight in Vienna's inventory cost? Why or why not