During an operational audit, Lily, an audit staff assigned to a company’s major subsidiaries, compares

During an operational audit, Lily, an audit staff assigned to a company’s major subsidiaries, compares the inventory turnover rate of a subsidiary with established industry standards. What will such an analytic procedure provide?
Group of answer choices
Sign that the subsidiary is complying with corporate procedures regarding inventory.
Indication that the subsidiary’s internal financial reports are accurate.
Assurance that the subsidiary has strong controls designed to safeguard assets.
Assessment on the efficiency and effectiveness of the subsidiary’s inventory management.