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The following is information for Palmer Co. 2017 2016 2015 Cost of goods sold Ending inventory $643, 825 $ 426, 650 391, 300 97, 400

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The following is information for Palmer Co. 2017 2016 2015 Cost of goods sold Ending inventory $643, 825 $ 426, 650 391, 300 97, 400 87, 750 92, 500 Use the above information to compute inventory turnover for 2017 and 2016, and its days' sales in inventory at December 31, 2017 and 2016 (a) Use the above information to compute inventory turnover for 2016, and its days' sales in inventory at December 31, 2016. Numerator Denominator Ratio Inventory turnover Days' sales in inventory (b) Use the above information to compute inventory turnover for 2017, and its days' sales in inventory at December 31, 2017 Numerator Denominator Ratio Inventory turnover Days' sales in inventory

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