2018 2017 Sales revenue $ 254,000 $ 247,000 Cost of goods sold: Beginning inventory $ 10,000 160,000 $ 26,000 164,000 Net purchases Cost of goods available Ending inventory Cost of goods sold Gross profit 170,000 14,000 190,000 10,000 156,000 180,000 98,000 57,000 67,000 51,000 Operating expenses $ 41,000 $ 16,000 Net income Road to comets CH Requirement 1. Compute the fate of water turnover for any one for the years anded December 31, 2018 December 31, 2017 Round the two decades begin by selecting the formula and then the amounts to calculate the 2018 and 2017 dlound the wory unto two decades XXX Hatemory turnover 2010 2017 Requirement 2 Average inventory Hory for Hotel Inc. for the years onder 1.2018 and December 31, 2017 Bogn by selech Beginning inventory wounts to compute the rate for 2016 and 2017 Do not round any meaty com but the theme 1 Cost of goods sold Dory 2018 2017 Ending inventory 1 Requirement Gross profit inge in the rate of inventory lumove from 2017 to 2018 Alkoly cause l Net income Tomi 2017 10 2018 is the Not purchases Operating expenses Sales revenue Question 3 of 4 365 days Happy Dozent (Click the ic Average inventory Read the require Beginning inventory the years ending December 31, 2018, and December 31, 2017 Cost of goods sold Requirement 1. Ending inventory wer for Happy Dozen, Inc, for the years ended December 31, 2018 and December 31, 2017 F Begin by selectit Gross profit nounts to calculate the ratio for 2018 and 2017 (Round the rate of inventory turnover to two de Rate of inventory turnover Net income 2018 2017 Net purchases Requirement 2. Operating expenses Begin by selecti Sales revenue M ry for Happy Dozen ind for the years ended December 31, 2018 and December 31, 2017 nounts to compute the ratio for 2018 and 2017 (Do not round any intermediary computations, Days-sales-in-inventory 2018 2017