The following data were extracted from the income statement ofMartin Solutions, Inc.:
| Year 2 | Year 1 |
| Sales | $1,139,600 | $1,192,320 |
| Beginning inventory | 80,000 | 64,000 |
| Cost of goods sold | 500,800 | 606,000 |
| Ending inventory | 72,000 | 80,000 |
Required:
Assume a 365-day year.
Determine for each year:
a. Inventory turnover. Round your answers to one decimalplace.
b. Number of days' sales in inventory. Round your final answerto one decimal place.
