Inventory Tumover and Days' Sales in Inventory Financial statement data for years ending December 31 for Holland Company follows: 2014 20Y3 Cost of merchandise sold $4,504,500 $3,715,200 Inventories: Beginning of year 788,000 760,000 End of year 850,000 788,000 a. Determine the inventory turnover for 20Y4 and 2073. Round to one decimal place. Inventory Turnover 2014 2093 b. Determine the days' sales in inventory for 2014 and 20Y3. Assume 365 days a year. Round interim calculations and final answers to one decimal place. 2014 Days' Sales in Inventory days days 2013 c. Does the change in inventory turnover and the days' sales in inventory from 2013 to 2044 indicate a favorable or an unfavorable trend