Inventory Turnover and Days' Sales in Inventory Financial statement data for years ending December 31 for Amsterdam Company follow: 20Y4 20Y3 Cost of merchandise sold $3,598,900 $3,015,630...

Inventory Turnover and Days' Sales in Inventory

Financial statement data for years ending December 31 for Amsterdam Company follow:

a.Determine the inventory turnover for 20Y4 and 20Y3.
Round to one decimal place.

b.Determine the days' sales in inventory for 20Y4 and 20Y3. Assume 365 days a year.
Round interim calculations and final answers to one decimal place.