$202454-805-120-2725*$ finen

Quentien $7.$ Chapien $5$ Hamew

mework $($IOC$)$

$$

The following is information for Palmer Company.

$\backslash$table$[[,$Vear $3,$Year $2,$Year $1],[$Cost of goods sold,$1643,825,$i$)420,650,$i $391,300],[$Ending inventory,$97,400,87,750,92,900]]$

Use the above information to compute inventory tumover for Year $3$ and Year $2$ and its doys' sales in inventory at December $31,$ Wear $3$ 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 $2.$

$\backslash$table$[[$Inventory turnover,Numerator,$1,$Denominator,$=,],[$Days$\text{'}$ sales in inventory,,,,,$]]$

Use the above information to compute inventory turnover for Year $3,$ and its days' sales in inventory at December $31,$ Year $3.$

$\backslash$table$[[,$Numerator,$1,$Denominator,$=,],[$Inventory tumover,,,,,$],[$Days$\text{'}$ sales in inventory,,,,,$0]]$

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 $3?$

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