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Turnover and Days sales in Inventory The Northern Company installed a new inventory management system at Inventory the beginning of 2015. Shown bel ow are

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Turnover and Days sales in Inventory The Northern Company installed a new inventory management system at Inventory the beginning of 2015. Shown bel ow are data from the company's accounting records as reported out by the new system: 2015 2016 Sales Revenue $10,000,000 $12,000,000 Cost of Goods Sold5,000,000 5,900,000 Beginning Inventory610,000630,000 Ending Inventory630,000750,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for 2015 and 2016. 2015 2016 Next page

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