Financial statement data for years ending December 31 for Tango Company follow: 20Y7 20Y6 Cost of goods sold $3,959,520 $3,964,995 Inventories: Beginning of year 788,400 766,500 End of year 861,400 788,400 Required

a. Determine the inventory turnover for 20Y7 and 20Y6. Round to one decimal place. 20Y7 20Y6 Inventory turnover fill in the blank 1 fill in the blank 2

b. Determine the number of days sales in inventory for 20Y7 and 20Y6. Use 365 days and round to one decimal place. 20Y7 20Y6 Number of days sales in inventory fill in the blank 3 days fill in the blank 4 days

c. Are the changes in inventory turnover and the number of days sales in inventory from 20Y6 to 20Y7 favorable or unfavorable?

Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: Required a. Determine the inventory turnover for 20Y7 and 20Y6. Round to one decimal place. b. Determine the number of days' sales in inventory for 20Y and 20Y6. Use 365 days and round to one decimal place. c. Are the changes in inventory turnover and the number of days' sales in inventory from 20Y6 to 20Y7 favorable or unfavorable