Inventory Analysis The following data were extracted from the income statement of Keever Inc.: Previous Year Sales Beginning inventories: Cost of goods sold Ending inventories Current Year $1,416,200 63,528 708,100 57,528 $1,484,800 85,486 824,900 63,528 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 Previous Year 1. Inventory turnover 2. Number of days' sales in inventory days days b. The inventory position of the business has [ The inventory turnover has ( while the number of days' sales in inventory has