When conducting a financial analysis of a firm, financial analysts: -cannot use accounting information as it is historical.-rely solely on accounting information.-frequently use accounting information.-ignore accounting information but do use marketing information.-assume the future will be a repeat of the past as reflected in the firm's accounting reports.

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)