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Inventory Turnover and Days' Sales in inventory The Southern Corporation installed a new inventory management system at the beginning of 2018. Shown below are data from the company's accounting records as reported by the new system: 2018 2019 Sales Revenue l $19,000,000 l $20,000,000 Cost of goods sold l 8,600,000 l 9,200,000 Beginning inventory l 2,500,000 l 2,530,000 Ending inventory l 2,530,000 l 2,600,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for 2018 and 2019. Round your answers to two decimal points. HINT: Use your rounded answers for inventory turnover to calculate days' sales in inventory. 2018 2019 Inventory turnover ' Days' sales in inventory ' l