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Inventory turnover and number of days sales in inventory Financial statement data for years ending December 31 for Tango Company follow: Line Item Description 20Y7

Inventory turnover and number of days sales in inventory Financial statement data for years ending December 31 for Tango Company follow: Line Item Description 20Y7 20Y6 Cost of goods sold $3,911,340 $4,237,650 Inventories: Beginning of year 795,700 773,800 End of year 868,700 795,700 a. Determine the inventory turnover for 20Y7 and 20Y6. Round your answers to one decimal place. Line Item Description 20Y7 20Y6 Inventory turnover fill in the blank 1 of 2 fill in the blank 2 of 2 b. Determine the days sales in inventory for 20Y7 and 20Y6. Use 365 days a year. Round your answers to one decimal place. Line Item Description 20Y7 20Y6 Number of days sales in inventory fill in the blank 1 of 2 days fill in

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