Inventory Analysis The following data were extracted from the income statement of Keever Inc.: Sales Beginning inventories Cost of goods sold Ending inventories Current Year $1,430,800 81,320 715,400 73,520 Previous Year $1,498,000 85,752 832,200 81,320 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. 1. Inventory turnover 2. Number of days' sales in inventory Current Year Previous Year days days b. The Inventory position of the business has The inventory turnover hasi , while the number of days' sales in inventory, has