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 $3,878,490 $4,118,660 Inventories: Beginning of year 810,300 773,800 End of year 876,000 810,300 Required a. Determine the inventory turnover for 2017 and 2086. Round to one decimal place. 2017 2016 Inventory turnover b. Determine the number of days' sales in inventory for 2077 and 2016. Use 365 days and round to one decimal place. 2017 2016 Number of days' sales in inventory c. Are the changes in inventory turnover and the number of days' sales in inventory from 2016 to 2017 favorable or unfavorable ? Unfavorable days days Feedback Check My Work a. The inventory turnover ratio indicates how many times a company has sold and replaced inventory during a period. The inventory hy dividinn the east of Conds sold for a neriod hv the average Inventory for that narind Check My Work 1 more Check My Work uses remaining