Inventory Turnover and Days' Sales in Inventory The Southern Company installed a new inventory management system at the beginning of 2012. Shown below are data from the company's accounting records as reported out by the new system: 2012 2013 Sales Revenue $13,000,000 $14,000,000 Cost of Goods Sold 7,000,000 7,900,000 Beginning Inventory 700,000 730,000 Ending Inventory 800,000 730,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for 2012 and 2013. Round your answer to two decimal points. 2012 2013 Inventory turnover 9.79 10.33 Days' sales in inventory 38 x 36 x Check