Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: 2017 2016 Cost of goods sold $3,924,480 $4,158,810 Inventories: Beginning of year 781,100 759,200 End of year 854,100 781,100 a. Determine the inventory turnover for 2017 and 2016. Round your answers to one decimal place. 2017 2016 Inventory turnover b. Determine the days' sales in inventory for 2017 and 2016. Use 365 days a year. Round your answers to one decimal place. Number of days' sales in inventory 2017 2016 days days c. Are the changes in inventory turnover and the number of days' sales in inventory from 2016 to 2017 favorable or unfavorable? Unfavorable Feedback