A Company Reported the Following Data Required:
1

Essay

A company reported the following data:
$$\begin{array} { | l | r | r | r | } \hline & { \text { Year 1 } } & { \text { Year 2 } } & { \text { Year 3 } } \\\hline \text { Cost of goods sold } & \$ 347,600 & \$ 79,650 & \$ 443,900 \\\hline \text { Average inventory } & 85,000 & 91,050 & 98,350 \\\hline\end{array}$$
Required:
1.Calculate the company's merchandise inventory turnover for each year.
2.Comment on the company's efficiency in managing its inventory.