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The following information for Palmer Co. 2013 2012 2011 Cost of goods sold $ 558,825 $ 341,650 $ 306,300 Ending inventory 104,900 95,250 100,000 Use

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The following information for Palmer Co. 2013 2012 2011 Cost of goods sold $ 558,825 $ 341,650 $ 306,300 Ending inventory 104,900 95,250 100,000 Use the above information to compute inventory turnover for 2013 and 2012, and its days' sales in inventory at December 31, 2013 and 2012. (a) Use the above information to compute inventory turnover for 2012, and its days? sales in inventory at December 31, 2012. Numerator I Denominator = Ratio Inventory turnover Days' sales in inventory (b)Use the above information to compute inventory turnover for 2013, and its days' sales in inventory at December 31, 2013. Numerator I Denominator = Ratio Inventory turnover Days' sales in inventory

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