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please help ABC (Ltd) has asked for you assistance, and their accountant has given you the information below: . Cash sales R90,000 . Credit sales

please help
ABC (Ltd) has asked for you assistance, and their accountant has given you the information below: . Cash sales R90,000 . Credit sales R300,000 Returns inwards R40,000 . Opening stock R20,000 . Closing stock R40,000 . Gross profit ratio 30% Task: Assist ABC to calculate its inventory turnover ratio, and then explain to them the implications of having either a very high or a very low inventory turnover ratio

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