Inventory Analysis

The following data were extracted from the income statement of Brecca Systems Inc.:

	Current Year		Preceding Year
Sales	$1,647,975		$1,474,275
Beginning inventories	155,275		145,275
Cost of goods sold	941,700		893,500
Ending inventories	124,275		155,275

a. (1). Determine for each year the inventory turnover. Round to one decimal place.

Current year
Preceding year

(2). Determine for each year the number of days' sales in inventory. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place.

Current year	days
Preceding year	days