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  3. the following data were extracted from the income

The following data were extracted from the income statement of Keever Inc.: ...

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Accounting

The following data were extracted from the income statement of Keever Inc.:

Current Year Previous Year
Sales $846,800 $880,400
Beginning inventories 63,784 44,474
Cost of goods sold 423,400 489,100
Ending inventories 57,784 63,784

a. Determine for each year (1) the inventory turnover and (2) the number of days' sales in inventory. Round interim calculations to the nearest dollar and the final answers to one decimal place. Assume 365 days a year.

Current Year Previous Year
1. Inventory turnover
2. Number of days' sales in inventory days d

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