New Life reported the following income statement for the year ended December $31,2026$ :

View the income statement.

Requirements

Compute New Life's inventory tumover rate for the year. $($Round to two decimal places.$)$

Compute New Life's days' sales in inventory for the year. $($Round to two decimal places.$)$

Requirement $1.$ Compute New Life's inventory turnover rate for the year. $($Round to two decimal places.$)$

Select the labels and enter the amounts to compute the inventory turnover rate. $($Round your answer to two decimal places, XXX$.)$

$=$ Inventory tumover

$$ times

Income statement