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The following is information for Palmer Company. Year 3 Year 2 Year 1 Cost of goods sold $ 6 2 3 , 8 2 5

The following is information for Palmer Company.
Year 3 Year 2 Year 1
Cost of goods sold $ 623,825 $ 406,650 $ 371,300
Ending inventory 98,40088,75093,500
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. From Year 2 to Year 3, did Palmer improve its
(a) inventory turnover and
(b) days' sales in inventory?Use the above information to compute inventory turnover for Year 2, and its days' sales in inventory at December 31, Year 2.
Use the above information to compute inventory turnover for Year 3, and its days' sales in inventory at December 31, Year 3.
Did Palmer improve its (a) inventory turnover from Year 2 to Year 3 and (b) days' sales in inventory from Year 2 to Year 3?
(a) Did Palmer improve its inventory turnover from Year 2 to Year 3?
(b) Did Palmer improve its days' sales in inventory from Year 2 to Year 3?
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