Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: 2017 2016 $3,894,185 $4,159,175 Cost of goods sold Inventories: Beginning of year End of year 773,800 795,700 861,400 795,700 Required a. Determine the inventory turnover for 2017 and 2016. Round to one decimal place. 2017 2016 Inventory turnover 4.7 5.3 b. Determine the number of days' sales in inventory for 2017 and 20Y6. Use 365 days and round to one decimal place. 2017 2016 Number of days' sales in inventory 78 X days 69 x days