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Saved Help Sav Ex 6-13 1 The following is information for Palmer Co. 2017 Cost of goods sold $558,825 Ending inventory 104,900 2016 $341,650 95,250

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Saved Help Sav Ex 6-13 1 The following is information for Palmer Co. 2017 Cost of goods sold $558,825 Ending inventory 104,900 2016 $341,650 95,250 2015 $306,300 100,000 10 points Use the above information to compute Inventory turnover for 2017 and 2016, and its days' sales in Inventory at December 31, 2017 and 2016 Hinn Print (a) Use the above information to compute inventory turnover for 2016, and its days' sales in Inventory at December 31, 2016. Numerator Denominator Ratio Inventory turnover Days' sales in inventory b) Use the above information to compute inventory turnover for 2017, and its days' sales in Inventory at December 31, 2017 Numerator Denominator Ratio Inventory turnover Days' sales in inventory References

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