MasterCraft Boat Holdings states that management can receive stock awards based upon performance, over a two-year period of specified key strategic initiatives that should drive long term shareholder value; market share. Customer Satisfaction Index ("CSI") results and dealer inventory turnover metrics, as well as a total shareholder return ("TSR) modifier during the performance period. My interest is in the "dealer inventory turnover metrics." I think MasterCraft sells through independent dealers. Required: 1. State how inventory turnover is defined or measured. 2. Provide a reason or two as to why (a) a MasterCraft executive has influence over a dealer's inventory turnover and (b) a MasterCraft executive does NOT have influence over a dealer's inventory turnover. 3. What is the effect of having the executive rewarded for things that are somewhat under the executive's control and somewhat not under the executive's control? MasterCraft Boat Holdings states that management can receive stock awards based upon performance, over a two-year period of specified key strategic initiatives that should drive long term shareholder value; market share. Customer Satisfaction Index ("CSI") results and dealer inventory turnover metrics, as well as a total shareholder return ("TSR) modifier during the performance period. My interest is in the "dealer inventory turnover metrics." I think MasterCraft sells through independent dealers. Required: 1. State how inventory turnover is defined or measured. 2. Provide a reason or two as to why (a) a MasterCraft executive has influence over a dealer's inventory turnover and (b) a MasterCraft executive does NOT have influence over a dealer's inventory turnover. 3. What is the effect of having the executive rewarded for things that are somewhat under the executive's control and somewhat not under the executive's control