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Movie Manialne, has the folosing hommation for the years ending December 31, 2016 and December 312017 Click the loon to view the data Realth Requirement 1. Compute the rate of ventory move Movie Mania for the years ended December 2011 and December 31, 2017 Hound out to be decimal places Bagh by selecting the tomula and then ember the amounts to calculate the rate for 2018 and 2017 Punt the rate of inventory manteve la decimi plac XXX) Rule of horno 2010 2017 Requirement Compute that they for More More years ended December 31, 2011 and Dec 31, 2017 Begit by selecting them and turn to come for 2016 and 2017 (Demoround any numery but the mund the days on the whole 1y- 1 2017 Requirement.What you have me from 2017-2018 A cause for Winter 2017 2018 Ts ending December 31, 2018. and December 31, 2017 Data Table 2018 2017 Sales revenue $ 250,000 $ 246,000 $ $ 18,000 239,000 34,000 140,000 Cost of goods sold: Beginning inventory Net purchases Cost of goods available Ending inventory Cost of goods sold Gross profit M 257,000 32,000 174,000 18,000 225,000 156,000 25,000 55,000 $ (30,000) 90,000 53,000 Operating expenses $ 37,000 Net income th .... vie Mania Inc for the vears ended December 31 2018 and December 31 2017 Round the result to tv Requirements 1. Compute the rate of inventory turnover for Movie Mania, Inc., for the years ended December 31, 2018, and December 31, 2017. Round the result to two decimal places. 2. Compute the days-sales-in-inventory for Movie Mania, Inc, for the years ended December 31, 2018, and December 31, 2017 3. What is a likely cause for the change in the rate of inventory turnover from 2017 to 2018