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BE18-12 The following data are from the income statements of Haskin Company. Sales revenue Beginning inventory Purchases Ending inventory 2017 $6,420,000 940,000 4,340,000 1,020,000 2016 $6,240,000 860,000 4,661,000 940,000 (a) Compute for each year (1) the inventory turnover and (2) the days in inventory. b) What conclusions concerning the management of the inventory can be drawn from these data