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Use the following information for Palmer Co. to compute inventory turnover for 2015-2014, and its days' sales in inventory at December 31, 2015 and 2014.
Use the following information for Palmer Co. to compute inventory turnover for 2015-2014, and its days' sales in inventory at December 31, 2015 and 2014. (Round answers to one decimal) Comment on Palmer's efficiency in using its assets to increase sales from 2014-2015.
| 2015 | 2014 | 2013 | |
| Costs of goods sold | $643,825 | $426,650 | $391,300 |
| Ending Inventory | 97,400 | 87,750 | 92,500 |
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