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The following is Information for Palmer Co. Cost of goods sold Ending inventory Year 3 $558,825 184,900 Year 2 $341,650 95,250 Year 1 $386,388 180,

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The following is Information for Palmer Co. Cost of goods sold Ending inventory Year 3 $558,825 184,900 Year 2 $341,650 95,250 Year 1 $386,388 180, eee Use the above information to compute Inventory turnover for Year 3 and Year 2 and its and Year 2 (a) Use the above information to compute inventory turnover for Year 2 and its days' sales in inventory at December 31. Year 2 Numerator 1 Denominator Ratio Inventory turnover $ 341.650 0 Days' sales in inventory 0 (b) Use the above information to compute inventory turnover for Year 3, and its days sales in inventory at December 31. Year 3. Numerator 7 Denominator Ratio Inventory turnover 0 Days sales in inventory 0

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