How to determine for each year theinventory turnoverand thenumber of days' sales in inventory. Assume that 365 days a year.

Inventory Analysis The following data were extracted from the income statement of Keever Inc.: Current Year Previous Year Sales $890,600 $932,900 Beginning inventories 64,100 44,196 Cost of goods sold 445,300 518,300 Ending inventories 57,900 64,100 a. Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. Round interim calculations to the nearest dollar and the final answers to one decimal place. Assume 365 days a year. Current Year Previous Year 2. Number of days' sales in inventory days days