The following data were extracted from the income statement of Keever Inc.:

	Current Year		Previous Year
Sales	$1,168,000		$1,222,000
Beginning inventories	85,220		53,890
Cost of goods sold	584,000		678,900
Ending inventories	77,020		85,220

a. Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. Round interim calculations to the nearest dollar and the final answers to one decimal place. Assume 365 days a year.

	Current Year		Previous Year
1. Inventory turnover	fill in the blank 1		fill in the blank 2
2. Number of days' sales in inventory	fill in the blank 3	days	fill in the blank 4	days

b. The inventory position of the business has deteriorated . The inventory turnover has decreased , while the number of days' sales in inventory has increased .