The Good Morning Breakfast Shop had the following financial data for the year ended December 31,...

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The Good Morning Breakfast Shop had the following financial data for the year ended December 31, 2024: What are the inventory turnover and days' sales in inventory for the year? Compute Good Morning Breakfast Shop's inventory turnover for the year. Select the labels and enter the amounts to compute the inventory turnover. (Round your answer to two decimal places, X.XX.) + Compute Good Morning Breakfast Shop's days' sales in inventory for the year. Select the labels and enter the amounts to compute the days' sales in inventory for the year. (Enter any amounts in the formula to two decimal places, X.XX, and round the days' sales in inventory to one decimal place, X.X.) + = Inventory turnover times = Days' sales in inventory days Cost of Goods Sold Beginning Merchandise Inventory Ending Merchandise Inventory $ 515,000 94,000 119,000 The Good Morning Breakfast Shop had the following financial data for the year ended December 31, 2024: What are the inventory turnover and days' sales in inventory for the year? Compute Good Morning Breakfast Shop's inventory turnover for the year. Select the labels and enter the amounts to compute the inventory turnover. (Round your answer to two decimal places, X.XX.) + Compute Good Morning Breakfast Shop's days' sales in inventory for the year. Select the labels and enter the amounts to compute the days' sales in inventory for the year. (Enter any amounts in the formula to two decimal places, X.XX, and round the days' sales in inventory to one decimal place, X.X.) + = Inventory turnover times = Days' sales in inventory days Cost of Goods Sold Beginning Merchandise Inventory Ending Merchandise Inventory $ 515,000 94,000 119,000

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