(1). Early in 2020, Lausanne Clocks switched to a just-in-time inventory system. Its sales, cost of goods sold, and inventory amounts for 2019 and 2020 are shown below. Sales 2019 CHF3,120,000 2020 CHF3,713,000 Cost of goods sold 1,200,000 1,425,000 Beginning inventory 180,000 220,000 Ending inventory 220,000 100,000 Determine the inventory turnover and days in inventory for 2019 and 2020. Discuss the changes in the amount of inventory, the inventory turnover and days in inventory, and the amount of sales across the two years