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

	Current Year		Previous Year
Sales	$1,080,400		$1,130,000
Beginning inventories	82,488		57,264
Cost of goods sold	540,200		627,800
Ending inventories	74,688		82,488

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 improved . The inventory turnover has increased , while the number of days' sales in inventory has increased .