A company reported the following amounts in its financial statements: 2019 2020 $100,000 $60,000 Average inventory Cost of goods sold 1,500,000 2,000,000 From 2019 to 2020, the company's efficiency in managing inventory was a. improving, because the inventory turnover ratio is increasing. b. declining, because the inventory turnover ratio is decreasing. declining, because the inventory turnover ratio is increasing. C. Od. improving, because the inventory turnover ratio is decreasing