#11 Use the following information for Palmer Co. to compute inventory turnover for 2015 and 2014, and its days inventory outstanding at December 31, 2015 and 2014 (Round answers to one decimal). Comment on Palmers efficiency in using its assets to increase sales from 2008 to 2009.

A. Compute inventory turnover:

2015 2014 2013

Cost of goods sold $667,134 442,104 405,600

Ending Inventory 92,232 87,840 97,600

B. How many days it is it taking this company to turnover their inventory?