E6-11A. Inventory Turnover and Days' Sales in Inventory The Southern Company installed a new inven- tory management system at the beginning of 2015. Shown below are data from the company's ac- counting records as reported out by the new system: Chapter 6 Accounting for Inventory Sales revenue... Cost of goods sold.. Beginning inventory.. Ending inventory... LO5 2015 $8,000,000 4,000,000 510,000 2016 $11,000,000 4,800,000 530,000 530,000 600,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for 2015 and 2016. Comment on your results