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9 Exerclse 8-25 (Algo) Ratio analysis; Tool Station and Howard's [LO8-7] The table below contains selected information from recent financial statements of The Tool Station,

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Exerclse 8-25 (Algo) Ratio analysis; Tool Station and Howard's [LO8-7] The table below contains selected information from recent financial statements of The Tool Station, Incorporated, and Howard's Companies, Incorporated, two companies in the home improvement retail industry (\$ in millions): 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 2020. Note: Use 365 days a year. Round "Inventory turnover ratio" to 2 decimal places. Enter dollar amounts in millions rounded to the hearest whole number. 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 2020. Note: Use 365 days a year. Round "Inventory turnover ratio" to 2 decimal places. Enter dollar amounts in millions rounded to the hearest whole number

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