Inventory Analysis The following data were extracted from the income statement of Keever Inc.: Current Year Previous Year Sales $1,430,800 $1,498,000 Beginning inventories 81,320 85,752 Cost of goods sold 715,400 832,200 Ending inventories 73,520 81,320 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. Previous Year Current Year 9.2 1. Inventory turnover 10 2. Number of days' sales in inventory 39 X days 36 X days . The inventory turnover has decreased while the number of days' sales in inventory b. The inventory position of the business has deteriorated has increased Enethark