A company reported the following data: 
Required:
1. Calculate the company's merchandise inventory turnover for each year.
2. Comment on the company's efficiency in managing its inventory.
Definitions:
Civil Rights Act
Historic legislation in the United States that prohibits discrimination on the basis of race, color, religion, sex, or national origin.
Outsourcing
The practice of hiring third parties to execute services or produce goods that were traditionally performed in-house.
Fixed Costs
Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.
Legal And Social Obligations
The responsibilities and duties that individuals and organizations must adhere to, based on both legal requirements and ethical considerations within society.
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