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Use the following information for Palmer Co. to compute inventory turnover for 2017 and 201 Palmer's efficiency in using its assets to increase sales from

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Use the following information for Palmer Co. to compute inventory turnover for 2017 and 201 Palmer's efficiency in using its assets to increase sales from 2016 to 2017 Exercise 6-13 Inventory turnover and days' sales in inventory at December 31, 2017 and 2016. (Round answers to one decimal,) C days' sales in inventory A3 2017 2016 2015 $643,825 $426,650 $391,300 Cost of goods sold Ending inventory. 87.750 92,500 97,400 Exercise 6-14A

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