Joe's Beer, Bait, & Tackle Co. (Q1-Q3) Joe's Beer, Bait, & Tackle Co. is a small chain of fishing tackle stores in northern Minnesota. In 2019, the company's revenue was $4,300,000 and its cost of goods sold was $3,200,000. Assume 52 weeks per year and 365 days per year. Assume that the annual inventory cost for Joe's is 40%. Q1. Joe keeps only 14 days-of-supply of inventory on average because much of his inventory is live bait and micro-brew beer, both of which have a short shelf life. What is his annual inventory turns? Round you answer to two decimal places. Q2. Given that he has 14 days-of-supply of inventory on average, how much inventory does Joe have on average (in $s)? Q3. What is the inventory cost (in $) of an item that costs Joe $40 and is sold to his customers at $50? Round your answer to two decimal places