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Happy Day reported the following income statement for the year ended December 31, 2026 : View the income statement. Requirements 1. Compute Happy Day's inventory

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Happy Day reported the following income statement for the year ended December 31, 2026 : View the income statement. Requirements 1. Compute Happy Day's inventory turnover rate for the year. (Round to two decimal places.) 2. Compute Happy Day's days' sales in inventory for the year. (Round to two decimal places.) Income statement Requirement 1. Compute Happy Day's inventory turnover rate for the year. (Round to two decimal places.) Select the labels and enter the amounts to compute tho inventory turnover rate. (Round your answer to two decimal places, X.XX

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