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Inventory Turnover and Number of Days' Sales in Inventory The following financial statement data for years ending December 31 for Gillispie Company are shown below.

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Inventory Turnover and Number of Days' Sales in Inventory The following financial statement data for years ending December 31 for Gillispie Company are shown below. a. Determine the inventery turnover for 2016 and 2015 . Round to one decimal place. b. Determine the number of days' saies in inventory tor 2016 and 2015. Asvume 365 days a year, Round interim calculations and final answers to one decimal p c. Does the change in inventory tumover and the number of days' sales in inventory from 2015 to 2016 indicate a favorable or an unfavorable trend

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