A Company Reported the Following Data Required:
1

question 78

Essay

A company reported the following data:
$$\begin{array} { | l | r | r | r | } \hline & { \text { Year 1 } } & { \text { Year 2 } } & { \text { Year 3 } } \\\hline \text { Cost of goods sold } & \$ 347,600 & \$ 79,650 & \$ 443,900 \\\hline \text { Average inventory } & 85,000 & 91,050 & 98,350 \\\hline\end{array}$$
Required:
1.Calculate the company's merchandise inventory turnover for each year.
2.Comment on the company's efficiency in managing its inventory.

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Definitions:

Kirkpatrick's Hierarchical

A model for evaluating training effectiveness that includes four levels: reaction, learning, behavior, and results.

Evaluation Levels

Evaluation levels refer to a framework for assessing different aspects of training effectiveness, including reaction, learning, behavior, and results.

Fundamental Difference

The essential or primary distinction that separates two entities, concepts, or phenomena, highlighting their unique characteristics.

Categories

Divisions or classifications of items, concepts, or information based on shared characteristics or criteria.