A small business financial data show that its inventory level ofan item held steady at 1000 units during the first 9 months of theyear. Sales accelerated during the last quarter in time forChristmas shopping, ending the year with only 20 units left instock. The company estimates the total inventory cost at $.10 perunit per day. It sells the item at $190 per unit, a markup of 60%over cost. Assess the company’s inventory situation based on (a)simple inventory average based on starting and ending levels, and(b) the actual inventory average