Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: 2047 2045 Cost of goods sold $3,626,540 $3,852,940 Inventories: Beginning of year 751,900 730,000 End of year 824,900 751,900 Required 2017 a. Determine the inventory turnover for 20Y7 and 20Y6. Round to one decimal place. 2016 Inventory turnover b. Determine the number of days' sales in inventory for 2017 and 20Y6. Use 365 days and round to one decimal place. 2047 2046 Number of days' sales in inventory c. Are the changes in inventory turnover and the number of days' sales in inventory from 2016 to 2017 favorable or unfavorable? days days