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