Iffy Company and Benchmark Company operate in the same industry. Benchmark Company is widely viewed as managing its business very well and is the standard to which other companies compare themselves. Here are inventory-related financial ratio values for Iffy and Benchmark for Year 1 and Year 2:

IFFY Year 1 Year 2

Inventory Turnover 10 12

Number of Days' Sales in Inventory 36.5 30.4

BENCHMARK Year 1 Year 2

Inventory Turnover 15 16

Number of Days' Sales in Inventory 24.3 22.8

Which ONE of the following statements is true?

• Benchmarks inventory management practices became less efficient in Year 2 compared to Year 1.
• Iffys inventory management practices became less efficient in Year 2 compared to Year 1.
• Iffys inventory management practices became more efficient in Year 2 compared to Year 1.
• Iffys inventory management practices are more efficient than are Benchmarks in both Year 1 and Year 2.