HW7 Navigation 1 2 3 4 6 Finish attempt... eBook BP Question 5 Not complete Marked out of 2.00 Flag question Inventory Turnover and Days' Sales in Inventory The Southern Company installed a new inventory management system at the beginning of Year 1. Shown below are data from the company's accounting records as reported by the new system: Year 1 Year 2 Sales revenue $8,000,000 $10,000,000 Cost of goods sold 4,000,000 4,900.000 Beginning inventory 250,000 265,000 Ending inventory 265,000 300,000 Calculate the company's (a) inventory turnover and (b) days' sales in inventory for both years. Round to two decimals. Use the rounded answers in your calculations. Year 1 Year 2 34 0 (a) Inventory turnover (b) Days' sales in inventory oo a Check