Calculate the inventory turnover ratio for the month of January. If the industry average of the inventory turnover ratio for the month of January is 19.2 times, is the company managing its inventory more or less efficiently than other companies in the same industry

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inventory turnover ratio = cost of goods sold / average inventory

cost of goods sold = $437,000

initial inventory = $30,000

ending inventory = $448,500 - $437,000 = $11,500

inventory turnover ratio = $437,000 / [($30,000 + $11,500)/2] = 21.06

The inventory turnover ratio shows use how fast a company sells its inventory, so the higher, the better. If the company's turnover ratio is higher than the industry's average, it means that it is more efficient at selling its inventory.

answer; ///(d); determining who competes most closely   with whom evaluating whether industry driving forces and competitive pressure favor some strategic groups and hurt others, and ascertaining whether the profit potential of different strategic groups varies due to the strengths and weaknesses in each groups respective market positions;

answercountries with higher real income per capita tend to have higher levels of this index.