eBook Show Me How Calculator Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: 2017 2016 Cost of goods sold $3,928,495 $3,983,610 Inventories: Beginning of year 795,700 766,500 End of year 876,000 795,700 Required a. Determine the inventory turnover for 2017 and 2076. Round to one decimal place. 2017 2016 Inventory turnover b. Determine the number of days' sales in inventory for 2017 and 20Y6. Use 365 days and round to one decimal place. 2017 2016 Number of days' sales in inventory days days c. Are the changes in inventory turnover and the number of days' sales in Inventory from 2076 to 2017 favorable or unfavorable