Inventory Analysis The following data were extracted from the income statement of Brecca Systems Inc.: Current Year Preceding Year Sales $1,379,700 $1,233,375 Beginning inventories 147,775 135,275 Cost of goods sold 788,400 747,500 Ending inventories 120,275 147,775 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 b. What conclusions can be drawn from the data concerning the inventories