OBLEMS - CHAPTER 5 6 Help The following is information for Palmer Co. Cost of goods sold Ending inventory Year 3 $623, 825 98,400 Year 2 $406,650 88,750 Year 1 $371,300 93,500 Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2 (a) Use the above information to compute Inventory turnover for Year 2, and its days' sales in Inventory at December 31, Year 2. Numerator 7 Denominator Ratio Inventory turnover $ 406,650 11 Days' sales in inventorys (b) Use the above information to compute Inventory turnover for Year 3, and its days' sales in Inventory at December 31, Year 3. Numerator / Denominator nominator . Ratio Inventory turnover Days' sales in inventory