The following data are from the income statements of Charles A.S¸.

________________________ 2017 __________ 2016

Sales revenue ............... 6,420,000 ...... 6,240,000

Beginning inventory .........980,000 ......... 860,000

Purchases .....................4,440,000 .......4,720,000

Ending inventory ............1,020,000 .........980,000

(a) Compute for each year

(1) The inventory turnover and

(2) The days in inventory.

(b) What conclusions concerning the management of the inventory can be drawn from these data?