1 The following is information for Palmer Company. Cast of goods sold Ending inventory Year 3 $543,825 106,400 Year 2 $ 326,650 96,750 Year 1 $291,300 101,500 Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2. From Year 2 to Year 3, did Palmer improve its (a) inventory, turnover and (b) days' sales in inventory? Use the above information to compute inventory turnover for Year 2, and its days' sales in inventory at December 31, Year 2. ences Inventory turnover Days' sales in inventory Numerator Denominator Ratio Use the above information to compute inventory turnover for Year 3, and its days' sales in inventory at December 31, Year 3. Inventory turnover Days' sales in inventory Numerator Denominator Ratio Did Palmer improve its (a) inventory turnover from Year 2 to Year 3 and (b) days' sales in inventory from Year 2 to Year 3? (a) Did Palmer improve its inventory turnover from Year 2 to Year 3? (b) Did Palmer improve its days' sales in inventory from Year 2 to Year 3? < Prev 1 of 2 Next Chec 2 The following is information for Palmer Company. Year 3 Cast of goods sold Ending inventory $ 643,825 97,400 Year 2 $ 426,650 87,750 Year 1 $ 391,300 92,500 H12 Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2. From Year 2 to Year 3, did Palmer improve its (a) inventory, turnover and (b) days' sales in inventory? Use the above information to compute inventory turnover for Year 2, and its days' sales in inventory at December 31, Year 2. Pront eferences Inventory turnover Days' sales in inventory Numerator Denominator Ratio Use the above information to compute inventory turnover for Year 3, and its days' sales in inventory at December 31, Year 3 Inventory turnover Days' sales in inventory Numerator Denominator Ratio Did Palmer improve its (a) inventory turnover from Year 2 to Year 3 and (b) days' sales in inventory from Year 2 to Year 37 (a) Did Palmer improve its inventory turnover from Year 2 to Year 3? (b) Did Palmer improve its days' sales in inventory from Year 2 to Year 3