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Inventory Turnover and Days' Sales in Inventory The Northern Company installed a new inventory management system at the beginning of 2018. Shown below are data

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Inventory Turnover and Days' Sales in Inventory The Northern Company installed a new inventory management system at the beginning of 2018. Shown below are data from the company's accounting records as reported out by the new system: Sales Revenue Cost of Goods Sold Beginning Inventory Ending Inventory 2018 2019 $8,000,000 $11,000,000 4,000,000 4,800,000 510,000 540,000 550,000 600,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for 2018 and 2019. Round your answer to two decimal points. 2018 2019 Inventory turnover 48.34 x 43.35 x

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