4. Calculate the company's inventory turnover ratio (if applicable) for both this year and the prior year. Show your computations This year Cost of goods sold Average inventory Last year Explain what information this ratio provides Use complete sentences Has the inventory turnover ratio improved or worsened? Explain. Use complete sentences Evaluate the company's inventory management. In your answer, consider the type of product(s) the company makes and sells the industry in which the company operates and the type of customer it serves Refer to the information obtained in your research and ratio analysis In reviewing the asset section of the balance sheet, in which assets does the company have the most significant investment? B) Locate the company's income statement What is the page on which the income statement appears 5. Calculate the company's gross profit percentage ratio for both this year and the prior year. Show your computations This year 5 THE TORO COMPANY AND SUBSIDIARIES Consolidated Statements of Earnings (Dollars and shares in thousands, except per share data) heal Year eded October 31 Nel Males Coronales Greus proti Selling en and administrative per Operating rarings Interest eupons Other med ng before income taxes Prvi che 2020 3.37.8105 2:189036 1.189,774 763417 426,352 3,1561 1369 107070 Z7189 319,901 2019 3.138,084 2.090.121 1047963 722934 125039 (28835) 25939 122,033 8150 273,983 2018 2,618,650 1.677.639 911 011 567.926 373.085 119,096) IN 40N 3722 100.458 271919 he camera whale of Contoh 06 2575 256 Dispers of comme 303 2.515 Waghted.ee number of shares of common stsko- HOS 106 We be share of common in the 10 TOO