The following data were taken from the income statements of State Insurance Incorporated. 2009 2008 Total revenue $5,254,697 $5,148,984 Total cost of revenue $4,524,752 $3,547,102 Beginning inventory $365,419 $318,574 Purchases $501,785 $485,721 Ending inventory $402,543 $365,419 a) Compute for each year the days sales in inventory ratio. b) State which year the company performed better in terms of inventory management based on these ratios. The following data were taken from the income statements of State Insurance Incorporated. 2009 2008 Total revenue $5,254,697 $5,148,984 Total cost of revenue $4,524,752 $3,547,102 Beginning inventory $365,419 $318,574 Purchases $501,785 $485,721 Ending inventory $402,543 $365,419 a) Compute for each year the days sales in inventory ratio. b) State which year the company performed better in terms of inventory management based on these ratios