12 Real World Financials 7.14 points The table below contains selected information from recent financial statements of Green and White, two companies in the
12 Real World Financials 7.14 points The table below contains selected information from recent financial statements of Green and White, two companies in the home improvement retail industry ($ in millions): Green White Net sales 1/28/2018 1/29/2017 $102,204 $95,895 eBook Cost of goods sold Year-end inventory 67,848 14,048 63,582 13,849 2/2/2018 2/3/2017 $69,919 $66,317 46,510 43,853 12,693 11,758 Required: Hint 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.) References Green White Green White Green White Gross Profit Ratio Choose Numerator: Choose Denominator: = Gross Profit Ratio = Gross profit ratio = 0% = 0% Inventory Turnover Ratio Choose Numerator: Choose Denominator: Inventory Turnover Ratio = Inventory turnover ratio = = 0 times 0 times Average Days in Inventory Choose Numerator: Choose Denominator: = Average Days in Inventory Average days in inventory = 0 days 1 = 0 days
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