The following is information for Palmer Co. Cost of goods sold Ending inventory Year 3 $603,825 100,400 Year 2 $386,650 90,750 Year 1 $351,300 95,500 Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 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 / Denominator = Ratio Inventory turnover Days' sales in inventory = (b) Use the above information to compute inventory turnover for Year 3, and its days' sales in inventory at December 31, Year 3. Numerator | Denominator Ratio Inventory turnover Days' sales in inventory