Based on the following information: compute (a) Inventory turnover and (b) Number of days sales in inventory for 2016. Use a 365-day year. (c) If an inventory turnover of 12 is average for the industry, how is this company doing?

Item	12/31/15 Amount	12/31/16 Amount
Cost of merchandise sold	$172,900	$160,600
Inventory	$18,000	$12,000