X Data Table Sales Revenue $ 168,000 Cost of Goods Sold: Beginning Merchand ise Inventory $ 12,400 72,000 Net Cost of Purchases Cost of Goods Available for Sale 84,400 16,400 Less: Ending Merchandise Inventory 68,000 Cost of Goods Sold Gross Profit 100,000 78,000 Operating Expenses $ 22,000 Net Income Print Done Next Hope reported the following income statement for the year ended December 31, 2017: E(Click the icon to view the income statement.) Requirements 1. Compute Next Hope's inventory turnover rate for the year. (Round to two decimal places.) 2. Compute Next Hope's days' sales in inventory for the year (Round to two decimal places.) Requirement 1. Compute Next Hope'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, X.XX) Inventory turnover times