Inventory Analysis The following data were extracted from the income statement of Keever Inc.: Current Year Previous Year Sales $1,080,400 $1,130,000 Beginning inventories 57,608 64,060 Cost of goods sold 540,200 627,800 Ending inventories 52,208 57,608 a. Determine for each year (1) the inventory tumover 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 tumover 9.8 10.3 2. Number of days' sales in inventory 37.2 X days 35.4 days b. The inventory position of the business has deteriorated . The inventory turnover has decreased Inventory has increased while the number of days' sales in