E6-25 (similar to) Question Hel Hope Life reported the following income statement for the year ended December 31, 2019 EB(Click the icon to view the income statement.) Requirements 1 Compute Hope Life's inventory tumover rate for the year. (Round to two decimal places) 2 Compute Hope Life's days' sales in inventory for the year. (Round to two decimal places) Data Table Requirement 1. Compute Hope Life's inventory turnover rate for the year. (Round to two decimal places.) inventory turnover rate. (Round your answer to two decimal places. X.XX.) Select the labels and enter the amounts to compute t Hope Life Income Statement Inventory turnover times Year Ended December 31, 2019 160,000 Sales Revenue Cost of Goods Sold Beginning Merchandise Inventory S12,200 64.000 Net Cost of Purchases Cost of Goods Available for Sale 76.200 16.400 Less: Ending Merchandise Inventory 59,800 Cost of Goods Sold 100,200 Gross Profit 73,900 Operating Expenses 26.300 Net Income Print Done Choose from any list or enter any number in the input fields and then click Check