Next Hope reported the following income statement for the year ended December 31, 2019 EB (Click the icon to view the income statement) Data Table 1. Compute Next Hope's inventory turnover rate for the year (Round to two decimal places) 2. Compute Next Hope's days' sales in inventory for the year (Round to two decimal places) Requirement 1. Compute Next Hope's inventory turnover rate for the year (Round to two decimal places) Select the labels Next Hope Income Statement Year Ended December 31, 2019 and enter the amounts to compute the inventory turnover rate. (Round your answer to two decimal p Sales Revenue 152,000 - Inventory turnover Cost of Goods Sold times Beginning Merchandise Inventory Net Cost of Purchases 10,200 Requirement 2. Compute Next Hope's days' sales in inventory for the year (Round to two decimal places) Seledt the labeis and enter the amounts to compute the days' sales in inventory for the year. Enter all amounts to two Days' sales in inventory days 60,000 70,200 15,400 Cost of Goods Available for Sale Less Ending Merchandise Inventory Cost of Goods Sold Gross Proft Operating Expenses Not Income 54,800 97,200 75.200 5 22,000 Print Done hoose from any list or enter any number in the input helds and then continue to the next question 0 Type here to search