sa The following is information for Palmer Company.Cost of goods soldEnding inventoryYear 3$ 643,82596,400Year 2$ 426,65086,750Year 1$ 391,30091,500Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3and Year 2. From Year 2 to Year 3, did Palmer improve its (a) inventory turnover and (b) days' sales in inventory?Use the above information to compute inventory turnover for Year 2, and its days' sales in inventory at December 31, Year 2.Inventory turnoverDays' sales in inventoryNumeratorIDenominator=RatioUse the above information to compute inventory turnover for Year 3, and its days' sales in inventory at December 31, Year 3.Inventory turnoverDays' sales in inventoryNumeratorIDenominator=RatioDid 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 turnover from Year 2 to Year 3?(b) Did Palmer improve its days' sales in inventory from Year 2 to Year 3?

Name: sa The following is information for Palmer Company.Cost of goods soldE
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: sa The following is information for Palmer Company.Cost of goods soldEnding inventoryYear 3$ 643,82596,400Year 2$ 426,65086,750Year 1$ 391,30091,500Use the above information to compute inventory turnover for Year 3 and Year 2, and its days' sales in