2017 Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: 2016 Cost of goods sold $3,475,530 $3,701,100 Inventories: Beginning of year 722,700 700,800 End of year 788.400 722,700 Required a. Determine the inventory turnover for 207 and 2016. Round to one decimal place. 2016 Inventory turnover b. Determine the number of days' sales in inventory for 2077 and 2046. Use 365 days and round to one decimal place. 2017 2046 Number of days' sales in inventory days days c. Are the changes in inventory turnover and the number of days sales in Inventory from 2016 to 2097 favorable or unfavorable? 2017