The following data were extracted from the income statement of Clear View Systems Inc.:

a. Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. Round to nearest dollar and one decimal place.

b. What conclusions can be drawn from these data concerning the inventories?objs. 2, 3

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Current Preceding Year Year Sales $756,000 $950,760 Beginning inventories 67,200 44,000 Cost of goods sold 492,000 528,200 Ending inventories 64,000 67,200