Calculator Print Item Rainsoft Company Selected data from the financial statements are provided below: Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets 2021 $ 44,000 84,000 44,000 46,000 $218,000 2020 $ 28,000 32,000 166,000 36,000 $262,000 2019 $ 14,000 114,400 100,000 41,600 $270,000 Total Current Liabilities Net Credit Sales Cost of Goods Sold Net Cash Flows from Operating Activities $130,000 442,000 336,000 32,000 $144,000 652,000 598,000 58,000 Refer to Rainsoft Company. Assume that competitors in the industry have an average inventory turnover ratio of 20.8 times in 2021. Rainsoft's inventory turnover ratio for 2021 indicates that the company a. has too little inventory on hand at the end of 2021. Ob. is selling its inventory much more quickly than the industry average. c. is pricing its products too low. d. may have obsolete inventory or problems with sales