Analyze the efficiency ratios for Company XYZ, including inventory turnover, accounts receivable turnover, and accounts payable turnover. Calculate these ratios using the following information:

• Cost of goods sold: $2,000,000
• Average inventory: $500,000
• Net credit sales: $1,500,000
• Average accounts receivable: $300,000
• Cost of goods sold: $2,000,000
• Average accounts payable: $400,000 Discuss the implications of these efficiency ratios for managing working capital and optimizing operational performance.