Wilkins has sales of $4.3 million and a gross profit margin of 41%. Its end-of-quarter inventories are: a. Find the average quarterly inventory and use it to calculate the firm's inventory turnover and the average age of inventory. (Assume a 365-day year.) b. Assuming that the company is in an industry with an average inventory turnover of 2.1, how would you evaluate the activity of Wilkins' inventory? a. The average Quarterly inventory $647750. (Round to the nearest dollar.) Inventory turnover ratio is The average age of inventory is days. b. Assuming that the company is in an industry with an average inventory turnover of 2.1, how would you evaluate the activity of Wilkins' inventory? (Select all the answers that apply.) A. A high inventory turnover ratio may represent efficient inventory management. B. A low inventory turnover ratio may represent low inventory levels resulting in stockouts. C. A high inventory turnover ratio may represent low inventory levels resulting in stockouts. D. The Wilkins Manufacturing inventory turnover ratio significantly exceeds the industry