Inventory Analysis The following data were extracted from the income statement of Keever Inc.: Current Year Previous Year Sales $1,547,600 $1,616,200 Beginning inventories 113,732 87,994 Cost of goods sold 773,800 897,900 Ending inventories 102,932 113,732 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 The inventory turnover has decreased while the number of days' sales in inventory b. The inventory position of the business has deteriorated has increased