Check my work Exercise 5-13 Inventory turnover and days' sales in inventory LO A3 The following is information for Palmer Co. Cost of goods sold Ending inventory 2017 $ 643,825 97,400 2016 $426,650 87,750 2015 $ 391,300 92,500 Use the above information to compute inventory turnover for 2017 and 2016, and its days' sales in inventory at December 31, 2017 and 2016. (a) Use the above information to compute inventory turnover for 2016, and its days' sales in inventory at December 31, 2016. Numerator 1 Denominator = Ratio Inventory turnover Days' sales in inventory (b) Use the above information to compute inventory turnover for 2017, and its days' sales in inventory at December 31, 2017. Numerator 1 Denominator = Ratio Inventory turnover Days' sales in inventory 0