Inventory Turnover and Days' Sales in Inventory The Northern Company 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: Sales revenue Cost of goods sold Beginning inventory Ending inventory Year 1 Year 2 $27,000,000 $33,000,000 15,000,000 17,700,000 600,000 630,000 630,000 700,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for both years. Round to two decimals. Use the rounded answers in your calculations. Year 1 Year 2 (a) Inventory turnover 307,500 x 332,500 x (b) Days' sales in inventory 7.48 x 6.86 x Check