QS 6-21 Analyzing inventory LO A3 Endor Company begins the year with $160,000 of goods in inventory. At year-end, the amount in inventory has increased to $176,000. Cost of goods sold for the year is $2,000,000 Compute Endor's inventory turnover and days' sales in inventory. Assume that there are 365 days in the year. Inventory Turnover Choose Denominator: - Choose Numerator: Inventory Turnover Inventory Turnover times Choose Numerator: Days' Sales in Inventory Choose Denominator: Days 365 - = Days' Sales In Inventory Days' sales in inventory days 365