Exercise 6-13 Inventory turnover and days' sales in inventory LA3 0 Use the following information for Palmer Co. to compute inventory turnover for Year 3 and Year 2, and its days' sales in inventory at December 31, Year 3 and Year 2. (Round answers to one decimal.) Comment on Palmer's efficiency in using its assets to increase sales from Year 2 to Year 3. Year 3 Year 2 Year 1 Cost of goods sold $643,825 $426,650 $391,300 Ending inventory 97,400 87,750 92,500

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