Ch 6 HW i 15 Saved Wawa Food Markets is a convenience store chain located primarily in the Northeast. The company sells gas, candy bars, drinks, and other grocery-related items. St. Jude Medical Incorporated sells medical devices related to cardiovascular needs. Suppose a local Wawa Food Market and St. Jude sales office report the following amounts in the same year (company names are disguised): 2 Net sales points Cost of goods sold Gross profit 01:57:47 Average inventory Skipped Required: Company 1 $340,000 Company 2 $340,000 126,000 276,000 $214,000 $64,000 $34,000 $24,000 1. For Company 1 and Company 2, calculate the inventory turnover ratio. 3. After comparing the inventory turnover ratios and gross profit ratios, which company do you think is Wawa? 2. For Company 1 and Company 2, calculate the gross profit ratio. eBook Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 For Company 1 and Company 2, calculate the inventory turnover ratio. Inventory Turnover Ratio Company 1 Company 2 Numerator/Denominator Amounts < Required 1 Required 2 > Help