Anderson Plumbing Fixtures reported the following income statement for the year ended December 31, 2017. Anderson Plumbing Fixtures Income Statement Year Ended December 31, 2017 Sales Revenue $258,000 Cost of Goods Sold Beginning Merchandise Inventory $43,500 Net Cost of Purchases 145.000 Cost of Goods Available for Sale 188.00 Less: Ending Merchandise Inventory 38.000 Cost of Goods Sold: 150.000 Gross Profit 107,500 Operating Expenses 87.200 Net Income $20.300 Compute inventory turnover rate for the year. (Round to two decimal places.) Compute days' sales in inventory for the year. (Round to two decimal places.) Calculations: