Win's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) Click the icon to view the balance sheets.) Win's has 40,000 common shares outstanding during 2024. Read the requirements. Requirement 1. Compute the inventory turnover, days' sales in inventory, and gross profit percentage for Win's Companies for 2024 Compute the inventory turnover. (Round your answer to two decimal places, X.XX.) times. The inventory turnover Income statement Win's Companies Income Statement Years Ended May 31, 2024 and 2023 2024 2023 $ 41,100 Net Sales Revenue 55,400 $ 23,300 24,900 Cost of Goods Sold 300 280 Interest Expense 5,800 6,500 All Other Expenses $ 26,000 $ 9,420 Net Income Print Done Red Win's Companies Balance Sheet May 31, 2024 and 2023 Red for Cor Assets 2024 Liabilities 2023 2024 2023 The 2,200 $ Total Current 1,800 Liabilities 25,000 $ 12,800 27,000 11,000 Long-term Liabilities 14,100 12,500 7.300 5,400 Total Liabilities 39,100 25,300 Cash Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets 7,000 6,800 Stockholders' Equity 9,000 1,800 Common Stock 10,000 10,000 52.500 26.800 IRetained Earnings 36,400 14,500 Read the requirements - mpar Requireme for 2024 Requirements Computer The invent 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? Print Done