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The following is information for Palmer Company. Year 3 Year 2 Year 1 Cost of goods sold $ 548,825 $ 331,650 $ 296,300 Ending inventory

The following is information for Palmer Company. Year 3 Year 2 Year 1 Cost of goods sold $ 548,825 $ 331,650 $ 296,300 Ending inventory 105,900 96,250 101,000 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. From Year 2 to Year 3, did Palmer improve its (a) inventory turnover and (b) days' sales in inventory

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