Inventory Analysis The following data were extracted from the income statement of Keever Inc

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 73,236 671,600 66,236 Previous Year 95,490 781,100 73,236 (2) the number of days' sales in inventory. Round interim calculations to the nearest dollar and the final answers to one decimal place. Assume a. Determine for each year (1) the inventory turnover and 365 days a year. 1. 2. b. Inventory turnover Number of days' sales in inventory The inventory position of the business has Current Year days Previous Year days The inventory turnover , while the number of days' sales in inventory has