help in a hour please, much appreciated!

Question 22 O pts (Bonus Question) - 2 Points ACME's COO is interested in measuring ACME's Inventory performance against the general performance of other firms in the industry. He has decided that Inventory Turns is the best measure of performance given ACME's emphasis on the retail business. The relevant financial information is as follows: ACME Income Statement ($m) ACME Balance Sheet($m) Revenue 5,000 Current Assets Cost of Goods Sold 3,000 Inventory 250 Gross Profit 2,000 Accounts Receivables 150 Sales, general & Administrative Expenses 1,000 Cash 50 Earnings before Interest & taxes 1,000 Total Current Assets 450 Interest and Taxes 500 Current Liabilities Net Income 500 Accounts Payables 450 Short-Term Debt 100 Total Current Liabilities 550 The Average Inventory Turns for the industry is 15. Is ACME's Inventory performance: The Same as the Industry Average Better than the Industry Average O Worse than the Industry Average Question 23 O pts (Bonus Question) - 1 point ACME uses a Continuous Review Policy to manage, monitor, and replenish some of its key inventory. This policy monitors inventory levels every other day. Whenever inventory level falls to a certain reorder level, ACME's inventory manager places an order for a set amount of units. The Re Order level point is: Tb) The Average Demand during the replenishment lead time for that product The Economic Order Quantity The Economic Order Quantity plus the Safety Stock for the product The Average demand during replenishment lead time for the product plus the Safety Stock for the product The Safety Stock for that product