Calculate the company's (a) inventory turnover and (b) days' sales in inventory for 2018 and 2019.

Round your answers to two decimal points. HINT: Use your rounded answers for inventory turnover to calculate days' sales in inventory.

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Inventory Turnover and Days' Sales in Inventory The Southern Corporation installed a new inventory management system at the beginning of 201 8. Shown below are data from the company's accounting records as reported by the new system: $19,000,000 $20,000,000 8,600,000 9,200,000 2,500,000 2,530,000 7' 7 7 2,600,000 Sales Revenue Cost of goods sold Beginning inventory Ending inventory Calculate the company's (a) inventory turnover and (b) days' sales in inventory for 2018 and 2019. Round your answers to two decimal points. HINT: Use your rounded answers for inventory turnover to calculate days' sales in inventory. 2018 Inventory turnover Days' sales in inventory