• The answer I got is 45.06, but it says it's wrong in the platform

The following data are taken from the financial statements:

Current Preceding

Year Year

Net sales $3,592,000 $4,056,000

Cost of goods sold 2,092,000 2,656,000

Average monthly inventory 332,000 328,000

Inventory, end of year 372,000 347,000

a.Determine for each year (1) the inventory turnover and (2) the days' sales in inventory. Round inventory turnover answers to one decimal place and number of days' sales in inventory, (including intermediate calculations) to two decimal places.

Current Year Preceding Year

1.Inventory turnover 6.3 8.1

2.Number of days' sales in inventory 57.93