determine the inventory turnover and days in inventory for 2011 and 2012 discuss the 570148

Early in 2012, Westmoreland Company switched to a just in time inventory system. Its sales, cost of goods sold, and inventory amounts for 2011 and 2012 are shown below.

	2011	2012
Sales revenue	$2,000,000	$1,800,000
Cost of goods sold	1,000,000	910,000
Beginning inventory	290,000	210,000
Ending inventory	210,000	50,000

Determine the inventory turnover and days in inventory for 2011 and 2012. Discuss the changes in the amount of inventory, the inventory turnover and days in inventory, and the amount of sales across the two years.