Based on Bauman Company's inventory turnover for each year in the 2016-2019 period and the industry averages, does this information support or conflict with your evaluation in part b.? Why? (Select all the answers that apply.) A. Slow inventory turnover may indicate obsolete inventory. B. The low inventory turnover suggests that liquidity is not as bad as the declining liquidity measures indicate. C. Rapid inventory turnover may indicate obsolete inventory. D. The low inventory turnover suggests that liquidity is even worse than the declining liquidity measures indicate.

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)