The following financial statement data for years ending December 31 for Gillispie Company are shown below. Cost of merchandise sold Inventories: Beginning of year 2016 $1,141,720 2015 $677,440 End of year $275,210 396,390 $191,990 275,210 a. Determine the inventory turnover for 2016 and 2015. Round to one decimal place. 2016 2015 Inventory Turnover. b. Determine the number of days' sales in inventory for 2016 and 2015. Assume 365 days a year. Round interim calculations and final answers to one decimal place. 2016 2015 Number of Days' Sales in Inventory days days c. Does the change in inventory tumover and the number of days' sales in inventory from 2015 to 2016 indicate a favorable or an unfavorable trend?