A Company Reported the Following Data Required:
1

A company reported the following data:
$\begin{array}{|l|r|r|r|}\hline &\text { Year } 1 & \text { Year } 2 & \text { Year } 3 \\\hline \text { Cost of goods sold } & \$ 347,600 & \$ 379,650 & \$ 443,900 \\\hline \text { Average inventory } & 85,000 & 91,050 & 98,350 \\\hline\end{array}$
Required:
1.Calculate the company's merchandise inventory turnover for each year.
2.Comment on the company's efficiency in managing its inventory.