Identify whether each description best applies to a periodic or a perpetual inventory system. b. Provides managers with information on inventory levels at the end of each period only. c. Gives managers immediate access to detalled information on inventory, d. Provides more timely information to managers. e. Does not require an adjusting entry to record inventory shrinkage. Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amounts as positive values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.) Identify whether each description best applies to a periodic or a perpetual inventory system. b. Provides managers with information on inventory levels at the end of each period only. c. Gives managers immediate access to detalled information on inventory, d. Provides more timely information to managers. e. Does not require an adjusting entry to record inventory shrinkage. Calculate the missing amounts. (Loss amounts should be indicated with a minus sign and input all other amounts as positive values. Do not round intermediate calculations. Round "Gross profit ratio" to 2 decimal places.)