Your answer is incorrect. At December 31, 2020, the following information was available for Sheridan Company: ending inventory $26,650; beginning inventory $24,430; cost of goods sold $194,104; and sales revenue $490,200. Calculate the inventory turnover and days in inventory for Sheridan. (Use 365 days for calculation. Round answers to 1 decimal place, e.g. 15.2.) Inventory turnover Days in inventory times days Current Attempt in Progress The inventory of Sunland Company was destroyed by fire on March 1. From an examination of the accounting records, the following data for the first 2 months of the year are obtained: Sales Revenue $57,000, Sales Returns and Allowances $1,000, Purchases $41,000, Freight-In $1,300, and Purchase Returns and Allowances $1,500. Determine the merchandise lost by fire, assuming: (a) A beginning inventory of $24,000 and a gross profit rate of 35% on net sales. Estimated cost of merchandise lost $