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

The following is information for Palmer Company.
Year 3 Year 2 Year 1
Cost of goods sold $ 638,825 $ 421,650 $ 386,300
Ending inventory 96,90087,25092,000
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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