Inventory Analysis The following data were extracted from the income statement of Brecca Systems Inc.: Preceding Year Sales Beginning inventories Cost of goods sold Ending inventories Current Year $1,647,975 150,275 941,700 124,275 $1,474,275 135,275 893,500 150,275 a. (1). Determine for each year the inventory turnover. Round to one decimal place Current year Preceding year (2). Determine for each year the number of days' sales in inventory. Assume there are 365 days in the year. Round intermediate calculations to the nearest whole dollar and final answers to one decimal place. Current year Preceding year days b. What conclusions can be drawn from the data concerning the inventories? Previous Next Type here to search