Presented below are selected data from the financial statements of Harper Company for the last tHP Yr3 Yr2 Yr1 Total assets $1,205,000 $952,000 $945,000 Cost of goods sold 360,000 420,000 440,000...

Extracted text: Presented below are selected data from the financial statements of Harper Company for the last tHP Yr3 Yr2 Yr1 Total assets $1,205,000 $952,000 $945,000 Cost of goods sold 360,000 420,000 440,000 Inventory 56,000 64,000 53,000 Net income 65,000 25,000 16,000 Required: A. Calculate Harper's inventory turnover ratio for years 2 and 3. Round your answers to one decimal place. Year 3 times Year 2 times B. Calculate the number of days in inventory at December 31, year 3 and year 2. Assume 365 days in a year. Round your answers to one decimal place. Year 3 days Year 2 days