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Data table Eit (Cick the icon to view the income statements.) In early 2026, auditors found that the ending merchandise inventory for 2023 was understated

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Data table Eit (Cick the icon to view the income statements.) In early 2026, auditors found that the ending merchandise inventory for 2023 was understated by $8,000 and thet the anding merchandise imventory for 2025 was ovenstated by merchandise inventory at December 31, 2024, was correct. Read the mquiroments. Requirement 2. State whether each year's net income-beloce your corrections-is understated or overstated, and indicate the amount of the understatement or orentatemvent Requirement 3. Compute the invantory turnover and days' sales in invantory using the correcled income statement for the three ynoms. (Reund all numbers fo taso diegirnais.) Select the iabels and enter the amounts to compute inventory tumever for each year, (Round your answers to two decimal phoen, x. yox.) In early 2026, auditors found that the ending merchandise inventory for 2023 was understated by 58,000 and that the ending merchandise inventory for 2025 was oven merchandise inventory at December 31,2024 , was correct. Read the ricquirements. Data table Eit (Cick the icon to view the income statements.) In early 2026, auditors found that the ending merchandise inventory for 2023 was understated by $8,000 and thet the anding merchandise imventory for 2025 was ovenstated by merchandise inventory at December 31, 2024, was correct. Read the mquiroments. Requirement 2. State whether each year's net income-beloce your corrections-is understated or overstated, and indicate the amount of the understatement or orentatemvent Requirement 3. Compute the invantory turnover and days' sales in invantory using the correcled income statement for the three ynoms. (Reund all numbers fo taso diegirnais.) Select the iabels and enter the amounts to compute inventory tumever for each year, (Round your answers to two decimal phoen, x. yox.) In early 2026, auditors found that the ending merchandise inventory for 2023 was understated by 58,000 and that the ending merchandise inventory for 2025 was oven merchandise inventory at December 31,2024 , was correct. Read the ricquirements

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