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:
Mental Abilities
The cognitive capacities of an individual, including reasoning, problem-solving, decision-making, and learning.
Performance Item
A task or action in an assessment or evaluation that requires individuals to demonstrate their ability, knowledge, or skill.
Wechsler Tests
A series of standardized tests used to evaluate cognitive and intellectual abilities in children and adults.
Intelligence
The capacity to acquire knowledge from experiences, address challenges, and apply understanding to adjust in novel contexts.
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