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The following is information for Palmer Company. Year 3 $ 618,825 98,900 Cost of goods sold Ending inventory 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. From Year 2 to Year 3, did Palmer improve its (a) inventory turnover and (b) days' sales in inventory? Inventory turnover Days' sales in inventory Year 2 $ 401,650 89,250 Use the above information to compute inventory turnover for Year 2, and its days' sales in inventory at December 31, Year 2. Numerator / Denominator Ratio Year 1 $366,300 94,000 Inventory turnover Days' sales in inventory Use the above information to compute inventory turnover for Year 3, and its days' sales in inventory at December 31, Year 3. Numerator / Denominator Ratio = =

The following is information for Paimer Company 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 . From Year 2 to Year 3 , did Palmer improve its (a) inventory turnover and (b) days' sales in inventory? \begin{tabular}{|l|l|l|l|l|l|} \hline Inventory furnover & Numerator & Denominator & & Ratio \\ \hline Days' sales in inventory & & & & \\ \hline \end{tabular} Use the above information to compute inventory turnover for Year 3, and its days' sales in inventory at December 31 , Year 3 . \begin{tabular}{|l|l|l|l|l|l|} \hline Inventory turnover & Numerator & & Ratio \\ \hline Days' sales in inventory & & & \\ \hline \end{tabular} Did Palmer improve its (a) inventory turnover from Year 2 to Year 3 and (b) days' sales in inventory from Year 2 to Year 3 ? (a) Did Palmer improve its inventory tumover from Year 2 to Year 3 ? (b) Did Palmer improve its days' sales in inventory from Year 2 to Year 3

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