2019			2018			2017
Sales trend		122.0			115.0			100.0
Current ratio		2.5			2.3			2.2
Gross profit ratio		46.0%			48.2%			49.1%
Accounts receivable turnover		9.4			9.3			9.1
Inventory turnover		7.3			7.2			7.0
Dividend yield		7.1%			6.5%			5.8%
Dividend payout ratio		40%			50%			60%

* There have been no changes in common stock outstanding over the three-year period.

Your boss asked you to review the results and determine if the company controlled inventory costs better in 2019 than in 2017. Which of the following statements is the BEST answer to give your boss?

Multiple Choice

• Based on the inventory turnover, the company controlled inventory costs better in 2019 than 2017.

• distractor

  Based on the gross profit ratio, the company controlled inventory costs better in 2019 than 2017.

• Based on the inventory turnover, the company did not control inventory costs better in 2019 than 2017.

• Based on the gross profit ratio, the company did not control inventory costs better in 2019 than 2017.