(a) The following data were taken from the income statements of Mydorf Company. 2019 2018 Sales revenue $6,420,000 $6,240,000 Beginning inventory 960,000 840,000 Purchases 4,840,000 4,661,000 Ending inventory 1,020,000 960,000 (b) What conclusions concerning the management of the inventory can be drawn from the inventory turnover ratio and days in inventory data