The following financial statement data for years ending December 31 for Tango Company are shown below.

a. Determine the inventory turnover for 2014 and 2013.
b. Determine the number of days’ sales in inventory for 2014 and 2013. Round to one decimal place.
c. Does the change in inventory turnover and the number of days’ sales in inventory from 2013 to 2014 indicate a favorable or an unfavorabletrend?

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2014 2013 Cost of merchandise sold Inventories $3,864,000 $4,001,500 Beginning of year End of year 770,000 840,000 740,000 770,000