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 $1,518,400 94,356 759,200 85,356 $1,589,900 118,444 883,300 94,356 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 improved decreased . The inventory turnover has increased while the number of days' sales in inventory has