Analyzing Inventory and Margin in a Seasonal Business

West Marine, Inc., opened its first boating supply store in 1975. Since that time, the company has grown to be one of the largest boating supply companies in the world, with fiscal year 2014 revenues in excess of $675 million. The accompanying table provides financial information for two recent years. West Marine's fiscal year is closely aligned with the calendar year. All amounts are in millions.

a. Using the fiscal year (annual) information for 2015 and 2016, calculate the gross profit margin and the inventory turnover ratio. (Round your answers to one decimal place.) Gross Inventory Profit Margin Turnover Ratio 2015 0% O 2016 0% 0 b. West Marine is in a seasonal business, in which the sales total for the second and third quarters is substantially higher than the sales total for the first and fourth quarters. Calculate the company's gross profit margin by quarter. (Round your answers to one decimal place.) Gross Fiscal year Quarter Profit Margin 2015 1 0% IN 0% 3 0% 4 0% 2016 1 0% % W N 0% 4 0%cl. Recalculate West Marine's inventory turnover ratios for 2015 and 2016 using a weighted average of the company's inventory investment over the year. (Round your answers to one decimal place.) 20l5 20l6