Inventory Analysis The following data were extracted from the income statement of Shriver Inc.: Sales Beginning inventories Cost of merchandise sold Ending inventories Prior Year $1,038,100 Current Year $992,800 58,832 47,782 496,400 576,700 53,232 58,832 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. Current Year Prior Year 1. Inventory turnover 2. Number of days' sales in inventory days days b. The inventory position of the business has deteriorated The inventory turnover has decreased while the number of days' sales in inventory has increased