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. Carrefour Group in Tesco PLC in millions millions 2018 2017 2018 2017 83,600 86,147 63,240 61,509 Sales Cost of sales Gross profit Inventory Total assets 60,850 22,750 6,749 62,311 54,141 53,015 23,836 9,099 8,494 7,359 2,489 2,531 47,813 44,862 45,853 47,378 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 2018 2017 % Tesco PLC 2018 2017 profit margin (%) % % 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 Tesco PLC Inventory turnover times times Average inventory days days days