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5 Fancy Textiles Corp. had cost of goods sold the year of $ 9 , 5 0 4 , 0 2 7 . Inventory at

5 Fancy Textiles Corp. had cost of goods sold the year of $9,504,027. Inventory at the end of this year and last was $3,845,610 and $4,122,845, respectively. Last year's inventory turnover rate was 2.13. Is the turnover rate for this year improved?
6 Using the Fancy Textiles data from 5 above, calculate their days sales in inventory.
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