Inventory Analysis The following data were extracted from the income statement of ever Current Year Previous Year Sales $1,001,100 Beginning inventories $1,533,000 91,970 766,500 83,170 Cost of goods sold 00 91,970 Ending inventores v entry Houde letion to the nearest de a. Determine for each year (1) thenventory tumover and (2) the number of days a decimal place. Assume 65 day a Current Year Previous Year 17.47 X 1. Inventory turnover 2. Number of da y been oved the very turnover has b. The inventory position of the business has m Chow e nu e Divide the cost of goods sold by the average inventory Av of the accounts involved Consider the reasons Check My Work 5 more Check My Work Seremang Imal Sea Stage All work saved