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3. Calculate the gross profit ratio and the inventory turnover ratio for the fiscal year ended February 3, 2018. Compare Targets ratios with the industry

3. Calculate the gross profit ratio and the inventory turnover ratio for the fiscal year ended February 3, 2018. Compare Targets ratios with the industry averages of 24.5% and 7.1 times. Determine whether Targets ratios indicate the company is more/less profitable and sells its inventory more/less frequently compared to the industry average.

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