Inventory Analysis The following data were extracted from the income statement of Shriver Inc.: Current Year Prior Year Sales $1,138,800 $1,182,600 Beginning inventories 78,424 85,660 Cost of merchandise sold 569,400 657,000 Ending inventories 71,024 78,424 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 The inventory turnover has while the number of days' sales in inventory has