5 Not yet answered Marked out of 25.00 Flag question Analyzing Inventory for Two Retail Grocery Companies Carrefour Group (headquartered in Boulogne-Billancourt, France) and Tesco PLC (headquartered in Welwyn Garden City, UK) compete head-to-head in the grocery space in the UK, Ireland, Central Europe, and North Africa. The following information comes from their 2018 annual reports. Sales Cost of sales Gross profit Carrefour Group in Tesco PLC in 2017 millions 2018 2017 millions 2018 77,520 79,881 58,641 57,035 60,850 62,311 54,141 53,015 16,670 17,570 4,500 4,020 Inventory Total assets 6,258 47,378 6,824 2,308 2,347 47,813 44,862 45,853 Required a. Calculate gross profit margin for each year for both companies. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%). Carrefour Group Tesco PLC 2018 2017 2018 2017 Gross profit margin (%) 21.5% 22% 7.7% 7% b. Determine the common-size inventory for each year for both companies. Note: Round percentage to one decimal place (for example, enter 6.7% for 6.6555%). Carrefour Group Tesco PLC 2018 2017 2018 2017 Common-size inventory % % % % c. Compute inventory turnover and days average inventory outstanding for 2018. Note: Do not round until your final answer; round your final answer to one decimal place (for example, enter 6.8 for 6.77555). Carrefour Group Inventory turnover Average inventory days Tesco PLC times times days days d. Based on the metrics in parts a, b, and c, answer the following questions. Which company holds less inventory proportionately? Which company earns a higher gross profit margin? Which company turns its inventory more quickly? Which company is more efficient with its inventory