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Next Hope reported the following income statement for the year ended December 31, 2025: (Click the icon to view the income statement.) Requirements 1.
Next Hope reported the following income statement for the year ended December 31, 2025: (Click the icon to view the income statement.) Requirements 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 and enter the amounts to compute the inventory turnover rate. (Round your answer to two decimal places, X.XX.) Inventory turnover times Requirement 2. Compute Next Hope's days' sales in inventory for the year. (Round to two decimal places.) Select the labels and enter the amounts to compute the days' sales in inventory for the year. (Enter all amounts to two decimal places, X.XX.) Days' sales in inventory days
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