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

The following data were extracted from the income statement of Keever Inc.: Sales Beginning inventories Cost of goods sold Ending inventories Current Year $992,800 62,704 496,400 56,704 Previous Year $1,038, 100 60, 902 576, 700 62, 704 a. Determine for each year (I) the inventory turnm.'er 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. I. Inventory turnco.'er Number of days' sales in inventory Current Year days Previous Year days