Inventory Turnover and Days' Sales in Inventory The Eastern Corporation installed a new inventory management system at the beginning of 2012. Shown below are data from the company's accounting records as reported by the new system: 2012 2013 Sales Revenue 21,000,000 23,000,000 Cost of goods sold 11,000,000 11,900,000 Beginning inventory 5,500,000 5,530,000 Ending inventory 5,530,000 5,600,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for 2012 and 2013. Round your answers to two decimal points. HINT: Use your rounded answers for inventory turnover to calculate days' sales in inventory. 2012 2013 Inventory turnover Days' sales in inventory