Inventory Turnover and Days' Sales in Inventory

Financial statement data for years ending December 31 for Holland Company follows:

	20Y4				20Y3
Cost of merchandise sold	$4,504,500				$3,715,200
Inventories:
Beginning of year	788,000				760,000
End of year	850,000				788,000

b. Determine the days' sales in inventory for 20Y4 and 20Y3. Assume 365 days a year. Round interim calculations and final answers to one decimal place.

	Days' Sales in Inventory
20Y4	days
20Y3	days