H Save Assignment Submitted 8. EX 14-11 The following data were extracted trom the income statement of Keever Inc: Inventory analysis objective 3 Previous Year Current Year Sales $20,000,000 $18,500,000 Beginning inventories Cost of goods sold Ending inventories 940,000 860,000 9,270,000 10,800,000 1,120,000 940,000 A Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. (Round to the nearest dollar and one decimal place) B. What conclusions can be drawn from these data concerming the inventories? + Upload File No files uploaded for this question 5:35 PM ? ype here to search F10 F11 F12 PrtSc PauseD F8 F9 Be F3 F4 F5 F6