* Question Completion Status: QUESTION 16 10 points Save A company reported the following data: Cost of goods sold Average inventory Year 1 $317,500 72,000 Year 2 $279,100 93,000 Required: 1. Calculate the company's merchandise inventory turnover for each year, 2. Comment on the company's efficiency in managing its inventory. T T T Arial 3 (12pt) T- V Path: P Words:0 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Save