Inventory Analysis The following data were extracted from the income statement of Keever Inc. Current Year Previous Year Sales $1,430,800 $1,498,000 Beginning inventories 63,564 75,708 Cost of goods sold 715,400 832,200 Ending inventories 57,564 63,564 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 5.9 x 6.5 X 2. Number of days' sales in inventory 61.9 X days 56.2 X days while the number of days sales in b. The Inventory position of the business has improving X The inventory turnover has increased X inventory has increased Feedback When My W