Sales Revenue Income Statement Year Ended December 31, 2025 Cost of Goods Sold Beginning Merchandise Inventory $ 43.500 Net Cost of Purchases 145,000 Cost of Goods Available for Sale 188.500 Less: Ending Merchandise inventory (28.000) Cost of Goods Sold Gross Prof Operating Expenses Net Income COMPUTE INVENTORY TURNOVER RATE FOR THE YEAR $ 258,000 150.500 107.500 27.200 20.300 I