Problem 2- Inventory Turnover 7 points: Following are merchandise data for December 31, 2020 Merchandise inventories, December 31, 2020 Merchandise inventories, December 31, 2019 Cost of sales/Cost of Goods Sold $6,500 5,500 42.000 Times Required: 1 Compute the inventory turnover for 2020 2 Compute the average length of time in days to sell Inventory 3 Evaluate the 2020 inventory turnover given the following additional information Days 2020 Your calculation from above 2019 5.8 times 2018 6.5 times Industry Average 8 times Evaluation