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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. 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 decin Data table Natural Bite Grocery reported the following comparative income statements for the years ended April 30,2025 and 2024 : (Click the icon to view the comparative income statements.) During 2025, Natural Bite Grocery discovered that ending 2024 merchandise inventory was overstated by $1,000. Read the requirements. Requirement 1. Prepare corrected income statements for the two years. Data table Requirements 1. Prepare corrected income statements for the two years. 2. State whether each year's net income-before your corrections-is understated or overstated, and indicate the amount of the understatement or overstatement