Homework: HW-6 Score: 0 of 2 pts E6-25 (similar to) 8 of 8 (2 complete) New Love reported the following income statement for the year ended December 31, 2017 (Click the icon to view the income statement.) O Data Table Requirements 1. Compute New Love's inventory turnover rate for the year. (Round to two decimal places) 2. Compute New Love's days' sales in inventory for the year. (Round to two decimal places.) Requirement 1. Compute New Love's inventory turnover rate for the year. (Round to two decimal places) $ 124,000 Select the labels and enter the amounts to compute the inventory turnover rate (Round your answer to two decimal places, XXX) Inventory turnover times New Love Income Statement Year Ended December 31, 2017 Sales Revenue Cost of Goods Sold Beginning Merchandise Inventory $ 12,200 66,000 Net Cost of Purchases Cost of Goods Available for Sale 78 200 17 000 Less Ending Merchandise Inventory Cost of Goods Sold Gross Profit Operating Expenses $ Net Income 61,200 62,800 33,300 29,500 Print Done Choose from any list or enter any number in the input fields and then click Check Answer. part remaining Clear All Aramak iin buraya yazn te 9 @ a * $