Question 2 2. Describe the differences in detail between Short range forecast, Medium range forecast and Long range forecast with examples. (7.5 Points) 2 a. Arrow Distributing Corp Net revenue Cost of sales Merchandise inventory Total assets $16,500 $13,500 1000 8600 Arrow distributing Corporation likes to track inventory by using weeks of supply as well as by inventory turnover a. What is its week of supply b. What percent of Arrow's assets are committed to inventory c. What is Arrow's inventory turnover (7.5 Points) 2b. Discuss in detail the strategic importance of forecasting (5 Points) 2c. Home Depot's management wishes to track its investment in inventory as one of its performance measures. Home depot had $11.4 billion invested in inventory and total assets of $44.4 billion in 2017 (10 Points) a. Determine the investment in inventory and total assets b. If home depot can drive its investment down to 20% of assets, how much money will it free up for other uses