Inventory analysis A company reports the following: Cost of goods sold Average inventory $397,485 72,270 Determine...

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Inventory analysis A company reports the following: Cost of goods sold Average inventory $397,485 72,270 Determine (a) the inventory turnover and (b) the days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a. Inventory turnover b. Days' sales in inventory days Inventory analysis A company reports the following: Cost of goods sold Average inventory $397,485 72,270 Determine (a) the inventory turnover and (b) the days' sales in inventory. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume 365 days a year. a. Inventory turnover b. Days' sales in inventory days