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

	Current Year		Previous Year
Sales	$803,000		$841,000
Beginning inventories	48,170		60,208
Cost of goods sold	401,500		467,200
Ending inventories	43,570		48,170

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
2. Number of days' sales in inventory		days		days

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

Inventory Analysis The following data were extracted from the income statement of Brecca Systems Inc.: Current Year Previous Year Sales Beginning inventories Cost of goods sold Ending inventories 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. 48,170 401,500 43,570 60,208 467,200 48,170 Current Year Previous Year 1. Inventory turnover 2. Number of days' sales in inventory b. The inventory position of the business has days days The inventory turnover has ,while the number of days' sales in inventory has