Just a Buck Discount Stores is assessing its levels of inventory for 2010 and 2011 and has gathered the following data:
2011:
Ending inventory $96,000
Cost of Goods Sold $480,000
2010:
Ending inventory $81,000
Cost of Goods Sold $450,000
2009:
Ending inventory $69,000
Compute the inventory turnover and days' inventory on hand for 2010 and 2011.