Requirement 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for High's Companies for 2024. Compute the inventory turnover. (Round your answer to two decimal places, X.XX.) The inventory turnover = =times. Requirements 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for High's Companies for 2024. 2. Compute days' sales in receivables during 2024. Round intermediate calculations to three decimal places. Assume all sales were on account. 3. What do these ratios say about High's Companies' ability to sell inventory and collect receivables? Requirement 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for High's Companies for 2024. Compute the inventory turnover. (Round your answer to two decimal places, X.XX.) The inventory turnover = =times. Requirements 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for High's Companies for 2024. 2. Compute days' sales in receivables during 2024. Round intermediate calculations to three decimal places. Assume all sales were on account. 3. What do these ratios say about High's Companies' ability to sell inventory and collect receivables