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The Slumber Store $($TSS$)$ is a national wholesaler of beds, mattresses, pillows, and sheets.

Key totals from TSS$\text{'}$s most recent and forecasted financial statements are presented in the table below.

Required:

Use the financial statement totals to compute the company's actual inventory turnover ratio for this year and its forecasted inventory

turnover ratio for next year. Also compute the days$-$to$-$sell for this year $($actual$)$ and next year $($forecasted$).$ Is inventory turnover

expected to improve or worsen next year?

Use the financial statement totals to compute the company's actual gross profit percentage for this year and its forecasted gross

profit percentage for next year. Is the gross profit percentage expected to improve or worsen next year?

Complete this question by entering your answers in the tabs below.

Use the financial statement totals to compute the company's actual inventory turnover ratio for this year and its forecasted

inventory turnover ratio for next year. Also compute the days$-$to$-$sell for this year $($actual$)$ and next year $($forecasted$).$ Is

inventory turnover expected to improve or worsen next year? $($Round your answers to $2$ decimal places$).$

Inventory turnover this year

Inventory turnover next year

Inventory days$-$to$-$sell this year

Inventory days$-$to$-$sell next year

Is inventory turnover expected to improve or worsen next year?

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