Financial statement data for years ending December 31 for Tango Company follows: a. Determine the inventory turnover for 2016 and 2015. b. Determine the number of days’ sales in inventory for 2016 and...

Financial statement data for years ending December 31 for Tango Company follows:

a. Determine the inventory turnover for 2016 and 2015.

b. Determine the number of days’ sales in inventory for 2016 and 2015. Use 365 days and round to one decimal place.

c. Does the change in inventory turnover and the number of days’ sales in inventory from 2015 to 2016 indicate a favorable or an unfavorable trend?