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The following is information for Palmer Co. Year 3 Year 2 Year 1 Cost of goods sold $ 578,825 $ 361,650 $ 326,300 Ending inventory
The following is information for Palmer Co. Year 3 Year 2 Year 1 Cost of goods sold $ 578,825 $ 361,650 $ 326,300 Ending inventory 102,900 93,250 98,000 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.
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