Exercise 5-13 Inventory turnover and days' sales in inventory LO A3 The following is information for Palmer Co. Year 1 cost of goods sold Ending inventory Year 3 573,825 103,400 Year 2 $356,650 93,750 98,50 Use the above information to compute inventory turnover for year 3 and year 2, and its days' sales in inventory at December 31, year 3 and year 2 (a) Use the above information to compute inventory turnover for year 2, and its days' sales in inventory at December 31, year 2. Numerator Denominator- Ratio Inventory turnover Days' sales in inventory (b) Use the above information to compute inventory turnover for year 3, and its days' sales in inventory at December 31, year 3. Numerator 1 Denominator Ratio Inventory turnover Days' sales in inventory