Exercise 5-13 Inventory turnover and days' sales in inventory LO A3 The following is information for Palmer Co. Cost of goods sold Ending inventory Year 3 $593,825 Year 2 $376,650 Year 1 $341,300 101,400 91,750 96,500 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. Inventory turnover Days' sales in inventory Numerator Denominator Ratio 0 (b) Use the above information to compute inventory turnover for Year 3, and its days' sales in inventory at December 31, Year 3. Inventory tumover Days' sales in inventory Numerator Denominator Ratio 0 0