eBook Calculator The following data were extracted from the income statement of recca Systems Inc. Current Year Sales $9,700,000 Preceding Year $7,175,000 400,000 Beginning inventories 420.000 Cost of goods sold 5,820,000 4,305,000 420,000 Ending inventories 550,000 a. (1). Determine for each year the inventory turnover. Round answers to one decimal place. Current year Preceding year (2). Determine for each year the days' sales in inventory. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers one decimal place. Current year days Preceding year days b. What conclusions can be drawn from these data concerning the inventories Previou Check My Work Stand Submit Assignment fo