Mama Berhad ("Mama") has annual sales of RM4 million and a gross profit margin of 40%. Its end-of- quarter inventories are as follows: Quarter 1 2 3 4 Inventory (RM) 400,000 800,000 1,200,000 200,000 Required: (a) Compute the average quarterly inventory. (4 marks) (b) Use the average quarterly inventory from (a) to compute the company's inventory turnover and the average age of inventory. (4 marks) (c) Assuming that the company is in an industry with an average industry of 2.0, assess the activity of Mama's inventory. (2 marks) (Total: 10 marks)