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Inventory Turnover and Number of Days' Sales in Inventory Financial statement data for years ending December 31 for Tango Company follows: a. Determine the inventory

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Inventory Turnover and Number of Days' Sales in Inventory Financial statement data for years ending December 31 for Tango Company follows: a. Determine the inventory turnover for 2016 and 2015. Round to one decimal place. b. Determine the number of days' sales in inventory for 2016 and 2015. Assume 365 days a year. Round interim calculations and final answers to one decimal place. c. Does the change in inventory turnover and the number of days' sales in inventory from 2015 to 2016 indicate a favorable or an unfavorable trend

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