help me Inventory turnover and number of days' sales in inventoryFinancial statement data for years ending December 31 for Tango Company follow:Cost of goods soldInventories:Beginning of yearEnd of year20Y7$3,864,000770,000840,000Unfavorable20Y6$4,001,500Requireda. Determine the inventory turnover for 20Y7 and 20Y6. Round your answers to one decimal place.2017740,000770,00020Y6Inventory turnover.b. Determine the days' sales in inventory for 20Y7 and 20Y6. Use 365 days a year. Round your answers to one decimal place.20Y7Number of days' sales in inventoryc. Are the changes in inventory turnover and the days' sales in inventory from 20Y6 to 20Y7 favorable or unfavorable?20Y6daysdays

Name: help me Inventory turnover and number of days' sales in inventoryFinan
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Description: help me Inventory turnover and number of days' sales in inventoryFinancial statement data for years ending December 31 for Tango Company follow:Cost of goods soldInventories:Beginning of yearEnd of year20Y7$3,864,000770,000840,000Unfavorable20Y6$4,00

The inventory turnover is computed by dividing the cost of goods sold by the average inventory. The…

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Inventory turnover and number of days' sales in inventory Financial statement data for years ending December 31 for Tango Company follow: Cost of goods sold Inventories: Beginning of year End of year Inventory turnover 20Y7 $3,864,000 770,000 840,000 Required a. Determine the inventory turnover for 2017 and 20Y6. Round your answers to one decimal place. Unfavorable 20Y6 $4,001,500 2017 740,000 770,000 2016 b. Determine the days' sales in inventory for 2017 and 20Y6. Use 365 days a year. Round your answers to one decimal place. 20Y7 Number of days' sales in inventory c. Are the changes in inventory turnover and the days' sales in inventory from 2016 to 2017 favorable or unfavorable? 20Y6 days days