The following is information for Palmer Co 2017 2016 2015 306,300 Cost of goods sold Ending inventory $558,825 341,650 95,250 104,900 100,000 Use the above information to compute inventory turnover for 2017 and 2016, and its days' sales in inventory at December 31, 2017 and 2016 Answer is not complete (a) Use the above information to compute inventory turnover for 2016, and its days' sales in inventory at December 31, 2016 Ratio merator Denominat $ 341,650 3.5 times Inventory turnover Days' sales in invento (b) Use the above information to compute inventory turnover for 2017, and its days' sales in inventory at December 31, 2017 S 97,625 91.3 days 365 x /$ 4 Ratio merator Denominat $558,825$100,075 5.6 times Inventory turnover Days' sales in invento 60.8 days 365 x /$