Chapter 5 LE

The following is information for Palmer Company. Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31 , Year 3 and Year 2. From Year 2 to Year 3, did Palmer improve its (a) inventory turnover and (b) days' sales in inventory? Use the above information to compute inventory turnover for Year 2 , and its days' sales in inventory at December 31. Year 2