Inventory Analysis The following data were extracted from the income statement of Keever Inc.: Current Year Previous Year Sales Beginning inventories Cost of goods sold Ending inventories $18,500,000 $20,000,000 940,000 9,270,000 1,120,000 860,000 10,800,000 940,000 a. Determine for each year (1) the inventory turmover and (2) 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 Current Year Previous Year 1. Inventory turnover 2. Number of days' sales in inventory b. The inventory postion of the business has deteriorated.The inventory turnover has decreasedwhile the number of days' sa'es in inventory has 12 days days increased The sales volume has declined faster than the inventory, resulting in a deteriorating inventory position