Sally Sloane, is analyzing the effectiveness of MicroChip Inc.'s inventory management 6. policies. Using the 20X9 financial statements, Sloane determined that MicroChip had sales of $60 million, cost of goods sold of $35 million, and an average inventory of $2 million in 20X9. Microchip's 20X8 sales were S55 million. Sloane has determined that the average sales growth in the microchip industry in 20X9 was 15 percent and that the industry average number of days of inventory in 20X9 was 30 days. Based on this information, Sloane is most likely to conclude that MicroChip has: A. Effective inventory management policies. B. Obsolete or slow-moving inventory. C. Inadequate inventory levels. fallasina Sally Sloane, is analyzing the effectiveness of MicroChip Inc.'s inventory management 6. policies. Using the 20X9 financial statements, Sloane determined that MicroChip had sales of $60 million, cost of goods sold of $35 million, and an average inventory of $2 million in 20X9. Microchip's 20X8 sales were S55 million. Sloane has determined that the average sales growth in the microchip industry in 20X9 was 15 percent and that the industry average number of days of inventory in 20X9 was 30 days. Based on this information, Sloane is most likely to conclude that MicroChip has: A. Effective inventory management policies. B. Obsolete or slow-moving inventory. C. Inadequate inventory levels. fallasina