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 2017 $578,825 182,989 2016 $361,650 93,250 2015 $326,380 98,00 Use the above information to compute Inventory tumover for 2017 and 2016, and its days sales In Inventory at December 31, 2017 and 2016. (a) Use the above information to compute inventory turnover for 2016. and its days' sales in inventory at December 31, 2016 Numerator Denominator Ratio Inventory turnover Days sales in inventory (b) Use the above information to compute inventory turnover for 2017, and its days sales in inventory at December 31, 2017 Numerator ! Denominator Ratio Inventory turnover Days' sales in inventory