Win's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the balance sheets.) (Click the icon to view the income statement.) Win's has 50,000 common shares outstanding during 2024. Read the requirements. FORE Income Statement Win's Companies Income Statement Years Ended May 31, 2024 and 2023 2024 Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses Net Income $ S 42,400 S 22,500 700 6,200 13,000 $ 2023 41,100 25,500 320 8,400 6,880 1 Balance Sheets Cash Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets Total Assets Assets $ 2024 2,500 $ 29,000 7,600 7,100 10,000 56,200 28,000 84,200 $ Win's Companies Balance Sheet May 31, 2024 and 2023 2023 1,900 Total Current Liabilities 13,000 Long-term Liabilities 5,600 Total Liabilities 9,700 2,400 Common Stock 32,600 Retained Earnings 25,000 Total Equity 57,600 Liabilities 2024 Total Liabilities and Equity 29,000 S 13,800 42,800 Stockholders' Equity 10,000 31,400 41,400 84,200 S 2023 12,800 12,900 25,700 10,000 21,900 31,900 57,600 Requirements 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for Win'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 Win's Companies' ability to sell inventory and collect receivables? I