Use the following information for Palmer Co. 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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Cost of goods sold... Ending inventory........ Year 3 Year 2 Year 1 $643,825 $426,650 $391,300 97,400 87,750 92,500