Data table 2018 2017 $ 258,000 $ 250,000 $ $ 10,000 123,000 28,000 172,000 Sales revenue Cost of goods sold: Beginning inventory Net purchases Cost of goods available Ending inventory Cost of goods sold Gross profit 133,000 12,000 200,000 10,000 121,000 190,000 137,000 54,000 60,000 52,000 Operating expenses $ 83,000 $ 8,000 Net income Hulu's Hybrids, Inc., has the following information for the years ending December 31, 2018, and December 31, 2017: Click the icon to view the data.) Read the requirements Requirement 1. Compute the rate of inventory turnover for Hulu's Hybrids, Inc., for the years ended December 31, 2018, and December 31, 2017. Round the result to two decimal places. Begin by selecting the formula and then enter the amounts to calculate the ratio for 2018 and 2017. (Round the rate of inventory turnover to two decimal places, X.XX.) Dato of invonton turnauor 2018 2017 decrease in the gross profit. Requirement 2. Compute the days-sales-in-inventory for Hulu's Hybrids, ecember 31, 2017 increase in the average inventory level. Begin by selecting the formula and then enter the amounts to compute the diary computations, but then round the days-sales-in-inventory to the nearest whole number, X 10 increase in the gross profit. ory 2018 10 1 decrease in the average inventory level. 2017 decrease in sales revenue. Requirement 3. What is a likely cause for the change in the rate of invent A likely cause for the in the ratio from 2017 to 2018 is the Hulu's Hybrids, Inc., has the following information for the years ending December 31, 2018, and December 31, 2017: E: (Click the icon to view the data.) Read the requirements Requirement 1. Compute the rate of inventory turnover for Hulu's Hybrids, Inc., for the years ended December 31, 2018, and December 31, 2017. Round the result to two decimal places. Begin by selecting the formula and then enter the amounts to calculate the ratio for 2018 and 2017. (Round the rate of inventory turnover to two decimal places, X.XX.) Rate of inventory turnover 2018 2017 Requirement 2. Compute the days-sales-in-inventory for Hulu's Hybrids, Inc., for the years ended December 31, 2018, and December 31, 2017 Begin by selecting the formula and then enter the amounts to compute the ratio for 2018 and 2017. (Do not round any intermediary computations, but then round the days-sales-in-inventory to the nearest whole number, X.) = Days-sales-in-inventory 2018 ) = improvement 2017..... deterioration Requirement 3. Wha change in the rate of inventory turnover from 2017 to 2018? A likely cause for the in the ratio from 2017 to 2018 is the Hulu's Hybrids, Inc., has the following information for the years ending December 31, 2018, and December 31, 2017: 5 Click the icon to view the data.) Read the requirements Requirement 1. Compute the rate of inventory turnover for Hulu's Hybrids, Inc., for the years ended December 31, 2018, and December 31, 2017. Round the result to two decimal places. Begin by selecting the formula and then enter the amounts to calculate the ratio for 2018 and 2017. (Round the rate of inventory turnover to two decimal places, X.XX.) Rate of inventory turnover 2018 2017 Requirement 2. Compute the days-sales-in-inventory for Hulu's Hybrids, Inc., for the years ended December 31, 2018, and December 31, 2017. Begin by selecting the formula and then enter the amounts to compute the ratio for 2018 and 2017. (Do not round any intermediary computations, but then round the days-sales-in-inventory to the nearest whole number, X.) ) = Days-sales-in-inventory 2018 ) = 2017 Requirement 3. What is a likely cause for the change in the rate of inventory turnover from 2017 to 2018? A likely cause for the in the ratio from 2017 to 2018 is the
