Inventory Turnover and Days$$ Sales in Inventory

Shown below are data from the Northern Company$$s accounting records:

Year $1$ Year $2$

Sales Revenue $$8,000,000$ $$11,000,000$

Cost of Goods Sold $4,000,0004,800,000$

Beginning Inventory $510,000540,000$

Ending Inventory $550,000600,000$

Calculate the company$$s $($a$)$ inventory turnover and $($b$)$ days$$ sales in inventory for both years.

Round your answer to two decimal points.

Year $1$ Year $2$

Inventory turnover Answer

$7\mathrm{.}3$

Answer

$8$

Days' sales in inventory Answer

$0$

Answer

$0$