The following is information for Palmer Co. Year 3 Year 2 Year 1 $583, 825 $366, 650 $331, 300 Cost of goods sold Ending inventory 102,400 92, 750 97,500 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 7 Denominator = Ratio Inventory turnover Days' sales in inventory 0 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 / Denominator = Ratio Inventory turnover Days' sales in 0 inventory 0