Inventory Analysis

A company reports the following:

Cost of goods sold

$$402,960$

$67,160$

Average inventory

Determine $($a$)$ the inventory turnover and $($b$)$ the number of days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume $365$ days a year.

a$.$ Inventory turnover

b$.$ Number of days' sales in inventory

$$

$$ days