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Inventory Turnover and Days' Sales in Inventory The Eastern Corporation installed a new inventory management system at the beginning of Year 1 . Shown below

image text in transcribed Inventory Turnover and Days' Sales in Inventory The Eastern Corporation installed a new inventory management system at the beginning of Year 1 . Shown below are data from the company's accounting records as reported by the new system: Calculate the company's (a) inventory turnover and (b) days' sales in inventory for both years. Round all answers to two decimal places. Use rounded answers in subsequent calculations. (c) Based solely on your answers to (a) and (b), did inventory management at Eastern improve or decline in Year 2

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