Required information The following information applies to the questions displayed below) The Slumber Store (TSS) is a national wholesaler of beds, mattresses, pillows, and sheets. Key totals from TSS's most recent and forecasted financial statements are presented in the table below. From the income statement Year This Year Next Year Sales Revenue 356), $615,000 $770,000 Cost of Goods Sold 346,500 405,250 556,300 Gross Profit 213,500 209,750 213,700 From the balance sheet Tnventories Last Year This Year Next Year $80.000 $101,888 $179,825 Required: 1. Use the financial statement totals to compute the company's actual inventory turnover ratio for this year and its forecasted Inventory tomover ratio for next year. Ako compute the days to sell for this year (actual) and next year (forecasted) is inventory tumover expected to improve or worsen next year? 2. Use the financial statement tools to compute the company's actual gross profit percentage for this year and its forecasted gross profit percentage for next year is the gross profit percentage expected to improve or worsen next year? Complete this question by entering your answers in the tabs below. FAP APARAR Required information Complete this question by entering your answers in the tabs below. Required Required 2 Use the financial statement totals to compute the company's actual inventory turnover ratio for this year and its forecasted Inventory turnover ratio for next year. Also compute the days to sell for this year (actual) and next year (forecasted). Is inventory turnover expected to improve or worsen next year? (Round your answers to 2 decimal places) Inventory tumover this year Inventory for own next year ventory day lose this year Inventory days to noxt year Inventory tumoret expected to improve or worson next year? (Required 1 Required 2 > Antenne terminalin Partner Required information Complete this question by entering your answers in the tabs below. Required 1 Required 2 Use the financial statement totals to compute the company's actual gross profit percentage for this year and its forecasted gross profit percentage for next year. Is the gross profit percentage expected to improve or worsen next year? (Round your answers to 2 decimal places) Gross profit porcentago this year Cross pront porcentage next year is the gross profit percentage expected to improve or worson next yout? % %