Calculate the gross profit ratio and the inventory turnover ratio of Target for the fiscal year ended February 1, 2020. Compare Target's ratios with the industry averages of 24.5% and 7.1 times.

Determine whether Target's ratios indicate thecompany is more or less profitable and sells its inventory more or less frequently compared to the industry average.

Note: Do not round intermediate calculation. Round "Gross profit ratio" to 1 decimal place and "Inventory turnover ratio" to 2 decimal places.