Data table This teet: 80 noir - 2018 2017 Sales revenue $ 249,000 $ 244,000 Cost of goods sold: Beginning inventory $ 13,000 $ 25,000 Net purchases 154,000 121,000 Cost of goods available 167,000 146,000 Ending inventory 17,000 13,000 Cost of goods sold 150,000 133,000 Gross profit 99,000 111,000 Operating expenses Net income 55,000 50,000 44,000 61,000 Ala completed accian Print Done K New Hair Heights, Inc., has the following information for the years ending December 31, 2018, and December 31, 2017: (Click the icon to view the data.) Read the requirements. Requirement 1. Compute the rate of inventory turnover for New Hair Heights, Inc., for the years ended December 31, 2018, and December 31, 2017. Round the result to two decimal places. Begin by selecting the formula and then enter the amounts to calculate the ratio for 2018 and 2017. (Round the rate of inventory turnover to two decimal places, X.XX.) Rate of inventory turnover 2018 2017.. = Requirement 2. Compute the days-sales-in-inventory for New Hair Heights, Inc., for the years ended December 31, 2018, and December 31, 2017. Requirement 2. Compute the days-sales-in-inventory for New Hair Heights, Inc., for the years ended December 31, 2018, and December 31, 2017. Begin by selecting the formula and then enter the amounts to compute the ratio for 2018 and 2017. (Do not round any intermediary computations, but then round the days-sales-in-inventory to the nearest whole number, X.) Days-sales-in-inventory 2018 2017 ]/[ Requirement 3. What is a likely cause for the change in the rate of inventory turnover from 2017 to 2018? A likely cause for the in the ratio from 2017 to 2018 is the