The 2017 financial statements of LVMH Moet Hennessey-Louis Vuitton S.A. are presented in Appendix C at the end of this book. LVMH is a Paris-based holding company and one of the world's largest and best-known luxury goods companies. As a member of the European Union, French companies are required to prepare their consolidated (group) financial statements using International Financial Reporting Standards (IFRS). LVMH's IFRS financial statements are presented in Appendix C at the end of this textbook. Using these financial statements, calculate the company's

(a) inventory turnover 

(b) days' sales in inventory for 2016 and 2017. Comment on the company's trend in inventory management effectiveness.