Two similar questions, I am aware of bartleby's policy thats why i only attached two vry simple and similar questions, if you still deicde to only solve one, atleast please show your work so i can complete the other problem on my own. Or solve both problems New Hope reported the following income statement for the year ended December 31, 2025:(Click the icon to view the income statement.)Requirements1. Compute New Hope's inventory turnover rate for the year. (Round to two decimal places.)Compute New Hope's days' sales in inventory for the year. (Round to two decimal places.)2.Requirement 1. Compute New 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 turnovertimesData tableNew HopeIncome StatementYear Ended December 31, 2025Net Sales RevenueCost of Goods Sold:Beginning Merchandise InventoryPlus: Net Cost of Inventory PurchasedCost of Goods Available for SaleLess: Ending Merchandise InventoryCost of Goods SoldGross ProfitOperating ExpensesNet IncomePrint$ 8,40076,000Done84,40013,800$ 148,00070,60077,40052,000$ 25,400 Broadway Communications reported the following figures in its annual financial statements:(Click the icon to view the figures.)Compute the rate of inventory turnover and days' sales in inventory for Broadway Communications. (Round to two decimal places.)Select the labels and enter the amounts to compute the inventory turnover. (Enter the amount for average inventory to one decimal place, X.X. Round your answer to two decimal places, X.XX.)Inventory turnovertimesData tableCost of Goods SoldBeginning Merchandise InventoryEnding Merchandise InventoryPrintDone$ 18,500540400XC=

INTRODUCTION: The inventory turnover ratio, also known as the stock turnover ratio, is an efficiency…

New Hope reported the following income statement for the year ended December 31, 2025: (Click the icon to view the income statement.) Requirements 1. Compute New Hope's inventory turnover rate for the year. (Round to two decimal places.) 2. Compute New Hope's days' sales in inventory for the year. (Round to two decimal places.)