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  3. lake air carpets' books show the following data. (

Lake Air Carpets' books show the following data. (Click the icon to view the income...

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Accounting

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Lake Air Carpets' books show the following data. (Click the icon to view the income statements.) In early 2026, auditors found that the ending merchandise inventory for 2023 was understated by $6,000 and that the ending merchandise inventory for 2025 was overstated by $7,000. The ending merchandise inventory at December 31 , 2024, was correct Read the tequirements. Requirement 3. Compute the inventory turnover and days' sales in inventory using the corrected income statement for the three years (Round all numbers to two decimals) Select the labels and enter the amounts to compute inventory tumover for each year. (Round your answers to two decimal places, XXX )

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