et Data table Happy Day Income Statement Year Ended December 31, 2025 Net Sales Revenue Cost of Goods Sold. Beginning Merchandise Inventory $ 9,200 60,000 Plus: Net Cost of Inventory Purchased Cost of Goods Available for Sale 69,200 14,000 Less: Ending Merchandise Inventory Cost of Goods Sold Gross Profit Operating Expenses Net Income Print Done $ 142,000 55,200 86,800 55,500 31,300 O X the following income statement for the year ended Decembe (Click the icon to view the income statement.) Requirements 1. Compute Happy Day's inventory turnover rate for the year. (Round to two de 2. Compute Happy Day's days' sales in inventory for the year. (Round to two de Requirement 1. Compute Happy Day's inventory turnover rate for the year. (Rounc Select the labels and enter the amounts to compute the inventory turnover rate. (RC 365 days n inventory for the year (Round the days' sales in inventory for t Average Merchandise Inventory Beginning Merchandise Inventory Cost of goods available for sale Cost of Goods Sold Ending Merchandise Inventory Gross profit Net income Happy Day reported the following income statement for the year ended December 31, 2025: (Click the icon to view the income statement.) Requirements 1. Compute Happy Day's inventory turnover rate for the year. (Round to two decimal places.) 2. Compute Happy Day's days' sales in inventory for the year. (Round to two decimal places.) X Requirement 1. Compute Happy Day'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 pla Inventory turnover times Beginning Merchandise Inventory n inventory for the year. (Round to two decimal places.) Cost of goods available for sale the days' sales in inventory for the year. (Enter all amounts to two d Cost of Goods Sold Days' sales in inventory days Ending Merchandise Inventory Gross profit Net income Net purchases Operating expenses Sales revenue Happy Day reported the following income statement for the year ended December 31, 2025 (Click the icon to view the income statement.) Requirements 1. Compute Happy Day's inventory turnover rate for the year. (Round to two decimal places.) 2. Compute Happy Day's days' sales in inventory for the year. (Round to two decimal places.) CETTE Requirement 1. Compute Happy Day'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.) co Inventory turnover times Requirement 2. Compute Happy Day'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
