Business, 25.11.2021 05:50, cheyenne5201

Inventory turnover and days' sales in inventory LO A3 The following is information for Palmer Co.
Year 3 Year 2 Year 1
Cost of goods sold $558,825$341,650$306,300
Ending inventory 104,900 95,250 100,000
Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2. From Year 2 to Year 3 did Palmer improve its (a) inventory turnover and (b) days' sales in inventory?

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Inventory turnover and days' sales in inventory LO A3 The following is information for Palmer Co....