HW Exercise 6-13 Inventory turnover and days' sales in inventory LO A3 The following is information for Palmer Co. Year 3 $ 643,825 97,400 Cost of goods sold Ending inventory Year 2 $426,650 87,750 Year 1 $ 391,300 92,500 Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at De and Year 2 (a) Use the above information to compute inventory turnover for Year 2, and its days' sales in inventory at December 31, Year 2. Numerator 1 Denominator Ratio Inventory turnover Days' sales in inventory (b) Use the above information to compute inventory turnover for Year 3, and its days' sales in Inventory at December 31, Year 3. Numerator / Denominator - Ratio Inventory turnover Days' sales in inventory