The table below contains selected financial information included in the financial statements of Kohl’s Corporation and Dillards, Inc., two companies in the department store industry.

Required:
Calculate the 2019 gross profit ratio, inventory turnover ratio, and average days in inventory for both companies. Evaluate the management of each company’s investment in inventory.

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Balance sheet: Inventories Income statement-2017: Net sales Cost of goods sold Kohl's Corp. 2019 $ 3,537 $18,885 12,140 ($ in millions) 2018 $3,475 Dillards, Inc. 2019 $1,465 $6,204 4,236 2018 $1,528