Which one of the following statements is correct? a. the market fully anticipates the information contained in an earnings announcement prior to the actual announcement. b. the weekend effect states that security prices tend to rise between friday afternoon and monday morning. c. low p/e stocks tend to outperform high p/e stocks on a riskminus−adjusted basis. d. the market responds immediately to reflect the information contained in quarterly earnings 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.)