Serenity reported the following income statement for the year ended December 31, 2025: (Click the icon to view the income statement.) Requirements 1. Compute Serenity's inventory turnover rate for the year. (Round to two decimal places.) 2. Compute Serenity's days' sales in inventory for the year. (Round to two decimal places.) Requirement 1. Compute Serenity'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 Inventory turnover times Choose from any list or enter any number in the input fields and then click Check Answer. 1 Part remaining Clear All Type here to search Year Ended December 31, 2025 Sales Revenue $ 168,000 ost of Goods Sold: Beginning Merchandise Inventory $ 11,000 66,000 Plus: Net Cost of Inventory Purchased Cost of Goods Available for Sale 77,000 15,600 Less: Ending Merchandise Inventory Cost of Goods Sold Gross Profit 61,400 Operating Expenses 106,600 76,500 Net Income 30,100 Print Done