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eBcok Slow Ne tow Inventory tumover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow:
eBcok Slow Ne tow Inventory tumover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: 20 xx7 20 Y6 Cost of goods sold $3,864,000 $4,001,500 Inventories: Beginning of year 770,000 740,000 End of year 840,000 770,000 Required a. Determine the inventory turnover for 20 Y7 and 20Y6. Round to one decimal place. 20 Y7 20 Y6 Inventory tumover b. Determine the number of days' sales in inventory for 20 Y7 and 20 Y6. Use 365 days and round to one decimal place. Number of days' sales in inventory {:[20 Y7],[20 Y6],[" days "],[" days "]:} c. Are the changes in inventory turnover and the number of days' sales in inventory
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