Calculator Inventory Turnover and Days' Sales in Inventory The following financial statement data for years ending December 31 for Holland Company are shown below. 2014 2013 Cost of merchandise sold $1,778,280 $1,123,470 Inventories: Beginning of year 347,480 243,820 End of year 499,320 347,480 a. Determine the inventory turnover for 2014 and 2013. Round to one decimal place. Inventory Turnover 2014 2013 b. Determine the days' sales in inventory for 2014 and 2073. Assume 365 days a year. Round interim calculations and final answers to one decimal place. Days' Sales in Inventory 2014 days 20Y3 days c. Does the change in inventory turnover and the days' sales in Inventory from 2093 to 2074 indicate a favorable or an unfavorable trend