1) The following information was available for Sheridan Company at December 31, 2017: beginning inventory $78000; ending inventory $104000; cost of goods sold $644000; and sales $896000. Sheridan inventory turnover ratio (rounded) in 2017 was

6.2 times.

8.3 times.

9.8 times.

7.1 times.

2) The following information was available for Sunland Company at December 31, 2017: beginning inventory $78000; ending inventory $120000; cost of goods sold $684000; and sales $920000. Sunland days in inventory (rounded) in 2017 was

41.5 days.

52.9 days.

64.0 days.

39.2 days.