Exercise 5-19 (Algo) Inventory turnover and days' sales in inventory LO A3

The following is information for Palmer Company.

	Year 3	Year 2	Year 1
Cost of goods sold	$ 593,825	$ 376,650	$ 341,300
Ending inventory	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. From Year 2 to Year 3, did Palmer improve its (a) inventory turnover and (b) days' sales in inventory?

Exercise 5-19 (Algo) Inventory turnover and days' sales in inventory LO A3 The following is information for Palmer Company. 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. From Year 2 to Year 3, did Palmer improve its (a) inventory turnover and (b) days' sales in inventory