Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: Cost of goods sold Inventories: Beginning of year End of year Required Inventory turnover 20Y7 $3,864,000 770,000 840,000 a. Determine the inventory turnover for 20Y7 and 20Y6. Round your answers to one decimal place. 20Y7 Unfavorable 20Y6 $4,001,500 Number of days' sales in inventory 740,000 770,000 b. Determine the days' sales in inventory for 20Y7 and 20Y6. Use 365 days a year. Round your answers to one decimal place. 20Y6 20Y7 days 20Y6 days c. Are the changes in inventory turnover and the days' sales in inventory from 20Y6 to 20Y7 favorable or unfavorable?

Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: Required a. Determine the inventory turnover for 20Y7 and 20Y6. Round your answers to one decimal place. b. Determine the days' sales in inventory for 20y7 and 20Y6. Use 365 days a year. Round your answers to one decimal place c. Are the changes in inventory turnover and the days' sales in inventory from 20 6 to 20y7 favorable or unfavorable? Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: Required a. Determine the inventory turnover for 20Y7 and 20Y6. Round your answers to one decimal place. b. Determine the days' sales in inventory for 20y7 and 20Y6. Use 365 days a year. Round your answers to one decimal place c. Are the changes in inventory turnover and the days' sales in inventory from 20 6 to 20y7 favorable or unfavorable