Q 13.88: James Jeans Co. is evaluating the business performance for last year. They are assessing if inventory is being properly managed. Which of the following vertical analysis approaches would be the most effective way to summarize this activity? A) Collect the balance sheet data for the last two years, obtain the values for inventory and total assets, calculate the balance sheet percentage by dividing inventory by total assets for each year, and summarize the observations for the relative size of inventory to total assets for each year and the percentage change from year-to-year. B Contact competitors to find out best practices about inventory management, summarize these best practices and compare to James Jeans Co's processes, provide a set of recommendations on proposed changes. C Engage an outside expert to reviewthe methods James jeans Co. uses to manage inventory provide ratios about inventory turnover and inventory carrying cost, identify steps to improve inventory management. D Collect the balance sheet data for the last two years, obtain the values for inventory and summarize the observations for the relative size of the inventory balance for each year