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10 Real World Financials The table below contains selected information from recent financial statements of Green and White, two companies in the home improvement retail

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Real World Financials The table below contains selected information from recent financial statements of Green and White, two companies in the home improvement retail industry ($ in millions): Net sales Cost of goods sold Year-end inventory Green 1/28/2018 1/29/2017 $102,204 $95,895 67,848 63,582 14,048 13,849 White 2/2/2018 2/3/2017 $69,919 $66,317 46,510 43,853 12,693 11,758 Required: Calculate the gross profit ratio, the inventory turnover ratio, and the average days in inventory for the two companies for their fiscal years ending in 2018. (Use 365 days a year. Round "Inventory turnover ratio" to 2 decimal places. Enter dollar amounts in millions rounded to the nearest whole number.) Gross Profit Ratio Choose Denominator: Choose Numerator: Gross Profit Ratio Gross profit ratio 1 % Green White 1 1 Inventory Turnover Ratio Choose Denominator: Choose Numerator: Inventory Turnover Ratio Inventory turnover ratio 1 times Green White 1 1 times Average Days in Inventory Choose Denominator: Choose Numerator: Average Days in Inventory Average days in inventory Green White days days

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