Refer to the data in Exercise.

Compute all ratio values to answer the following questions:
Which company has the highest, and which company has the lowest, gross profit percentage?
Which company has the highest, and the lowest rate of inventory turnover?
Based on your figures, which company appears to be the mostprofitable?

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Cost of Goods Sold Beginning Net Ending Gross Profit Company Fisher Hults Franklin Ogden Net Sales Inventory Purchases Inventory 61,000 $17,000 $101,000 132,000 $22,000 26,000 27,000 (d 40,000 20,000 65,000 30,000 56,000 37,000 86,000 8,000 (B) 39,000