calculate the following ratios:

1.inventory turnover

2. days sales in inventory

Quarantina Company shows the following data on its balance sheet: Current Prior Cash $500,000 $450,000 Accounts Receivable Inventory Total Current Assets 960,000 1,020,000 720,000 900,000 $2,480,000 $2,070,000 Current Liabilities 2,000,000 1,950,000 Additional data from the current year provides: Net sales $4.620,000 Cost of goods sold $3,360,000 Net income $384,000 Calculate the following ratios: 1. Inventory Turnover 2. Days' sales in Inventory Explain what these tell you about the company