Chapter 14 - Homework O eBook E Print Item E Calculator Show Me How Inventory Analysis The following data were extracted from the income statement of Keever Inc.: Previous Year Current Year Sales $832,200 $867,200 Beginning inventories 48,584 51,040 Cost of goods sold 481,800 416,100 Ending inventories 43,984 48,584 a. Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. Round interim calculations to the nearest dollar and the final answers to one decimal place. Assume 365 days a year. Previous Year Current Year 1. Inventory turnover 2. Number of days' sales in inventory days days b. The inventory position of the business has , while the number of days' sales in inventory has The inventory turnover has Next> Check My Work 5 more Check My Work uses remaining. Previous Submit Assignment for Grading Assignment Score: 0.0% Save and Exit