Balance Sheets ent store chain, reported the following summarized figures: tement.) tstanding during 2024. Income Statement Triumph's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) Triumph's has 20,000 common shares outstanding during 2024. Read the requirements. Requirement 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for Triumph's Companies for 2024. Compute the inventory turnover. (Round your answer to two decimal places, X,XX.) The inventory tumover = I = times. Requirements 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for Triumph's Companies for 2024. 2. Compute days' sales in receivables during 2024. Round intermediate calculations to three decimal places. Assume all sales were on account. 3. What do these ratios say about Triumph's Companies' ability to sell inventory and collect receivables