Serenity reported the following income statement for the year ended December 31, 2019. (Cick the icon to view the income statement) Requirements 1. Compute Seranity's invantory turnover rato f tha year. (Round to two dacimal placas or the vear (Round to teo decimal places) 2 Compute Seranity's days' sales in inventary i Data Table r the vear, (Round to two decimal places.) Requirement 1. Compute Serenity's inventory turnover rate Select the labels and enter amounts to compute the inventory turnover rate. (Round your answer to two decimal places, XXX.) Serenity Income Statement Inventory turnover = times Year Ended December 31, 2019 S 142.000 Sales Revenue Requirement 2. Compute Serenity's days' sales in imventory for th year. (Round to two decimal places.) Cole amounts to compute the days' sales in invantory for the yaar (Enter all amounts to two decimal places XXX) Select the labals and enter Baginning Merchandise Inventory 9 200 -Days sales in inventory days 58 00n Net Cost of Purchases Coct of Gonds Available for Sala 67 200 Leas Ending Merchandise Inventory 14 800 52400 ods Sold 89.600 Gross Profit 58,300 Operating Expenses. $ 31,300 Net Income Print Done