The following financial statement data for years ending December 31 for Gillispie Company are shown below.

a. Determine inventory turnover for 2012 and 2011.
b. Determine the number of days€™ sales in inventory for 2012 and 2011. Round to one decimal place.
c. Does the change in inventory turnover and the number of days€™ sales in inventory from 2011 to 2012 indicate a favorable or unfavorabletrend?

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2012 2011 $882,000 $680,000 Cost of merchandise sold Inventories Beginning of year End of year $200,000 140,000 200,000 290,000