Question

Gifts-For-You Ltd reported the following amounts in its financial statements: 2020 2019 Average inventory $200 000 $120 000 Cost of goods sold 4 000 000 3 000 000 From 2019 to 2020, the company's efficiency in managing inventory is: O a. declining, because the inventory turnover ratio is increasing O b. stable, because the inventory turnover ratio has not changed Oc improving, because the inventory turnover ratio is increasing Od declining, because the inventory turnover ratio is decreasing e improving, because the inventory turnover ratio is decreasing